Penserra Capital Management LLC Buys Shares of 2,737,973 BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Penserra Capital Management LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,737,973 shares of the company’s stock, valued at approximately $18,344,000. Penserra Capital Management LLC owned about 4.65% of BlackRock Tchnlgy nd Prvt Eqty Trm Trst at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter valued at $448,000. Ignite Planners LLC acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth about $90,000. Chapin Davis Inc. purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth about $624,000. Redhawk Wealth Advisors Inc. acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at about $90,000. Finally, Tactive Advisors LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at about $108,000. 26.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert W. Fairbairn sold 21,936 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $6.52, for a total transaction of $143,022.72. Following the transaction, the director owned 1 shares of the company’s stock, valued at $6.52. This represents a 100.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 20.50% of the stock is owned by corporate insiders.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Down 1.1%

NYSE BTX opened at $6.39 on Thursday. The stock has a market capitalization of $375.90 million, a price-to-earnings ratio of -2.81 and a beta of 4.61. The business’s 50 day moving average is $6.72 and its two-hundred day moving average is $6.88. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 12-month low of $5.10 and a 12-month high of $8.28.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.