BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Plans Monthly Dividend of $0.05

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.0525 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Friday, March 13th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 0.4%

BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock traded up $0.03 during midday trading on Wednesday, hitting $6.49. 510,163 shares of the stock were exchanged, compared to its average volume of 899,916. The stock has a market capitalization of $381.49 million, a PE ratio of -2.86 and a beta of 4.61. The company has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $6.75. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52 week low of $5.10 and a 52 week high of $7.50.

Insider Buying and Selling at BlackRock Tchnlgy nd Prvt Eqty Trm Trst

In other news, Director Robert W. Fairbairn sold 21,936 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $6.52, for a total value of $143,022.72. Following the completion of the transaction, the director owned 1 shares of the company’s stock, valued at $6.52. The trade was a 100.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WPG Advisers LLC grew its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% in the fourth quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock valued at $30,000 after acquiring an additional 2,506 shares during the period. Kestra Advisory Services LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter valued at approximately $38,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at approximately $43,000. Comerica Bank acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at $47,000. Finally, CWM LLC bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth about $64,000. 26.00% of the stock is currently 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.