BlackRock Tchnlgy nd Prvt Eqty Trm Trst (BTX) To Go Ex-Dividend on June 15th

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.0525 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 1.2%

Shares of NYSE BTX traded up $0.11 during midday trading on Friday, hitting $9.06. 716,341 shares of the company’s stock were exchanged, compared to its average volume of 820,178. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 12 month low of $6.13 and a 12 month high of $9.39. The company’s 50 day moving average price is $8.16 and its 200 day moving average price is $7.17. The firm has a market capitalization of $532.67 million, a PE ratio of -3.99 and a beta of 4.61.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 4th quarter worth about $22,266,000. Rivernorth Capital Management LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 1st quarter valued at about $16,962,000. Invesco Ltd. bought a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at about $10,719,000. Raymond James Financial Inc. acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth approximately $9,000,000. Finally, Absolute Investment Advisers LLC lifted its position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 144.4% during the first quarter. Absolute Investment Advisers LLC now owns 1,549,398 shares of the company’s stock worth $10,226,000 after acquiring an additional 915,474 shares during the last quarter. 26.00% of the stock is owned by institutional investors.

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.