BlackRock Tchnlgy nd Prvt Eqty Trm Trst (BTX) to Distribute Monthly Dividend of $0.05 on July 31st

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.0525 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

Shares of BTX opened at $8.63 on Monday. The stock has a market capitalization of $507.96 million, a P/E ratio of -3.80 and a beta of 4.61. The company’s fifty day moving average is $8.79 and its two-hundred day moving average is $7.49. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1 year low of $6.13 and a 1 year high of $9.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WPG Advisers LLC raised its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% during the fourth quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock worth $30,000 after purchasing an additional 2,506 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 4th quarter worth approximately $38,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $43,000. Comerica Bank acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $47,000. Finally, Fifth Third Bancorp purchased a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $57,000. 26.00% of the stock is currently owned by institutional investors and hedge funds.

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.