BlackRock Tchnlgy nd Prvt Eqty Trm Trst (BTX) to Issue Monthly Dividend of $0.05 on November 30th

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be given a dividend of 0.0525 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, November 13th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

Shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.84 on Friday. The stock has a market capitalization of $520.26 million, a PE ratio of -3.90 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $6.13 and a 52-week high of $9.44. The company has a 50-day simple moving average of $8.61 and a two-hundred day simple moving average of $8.09.

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

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 114.4% in the 2nd quarter. NewEdge Advisors LLC now owns 414,875 shares of the company’s stock valued at $3,746,000 after acquiring an additional 221,371 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter worth $133,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter worth $186,000. Chapin Davis Inc. raised its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 4.1% in the second quarter. Chapin Davis Inc. now owns 77,576 shares of the company’s stock worth $701,000 after purchasing an additional 3,028 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the second quarter worth $87,000. 26.00% of the stock is currently owned by hedge funds and other 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.