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

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) announced a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.0525 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, August 14th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.76 on Wednesday. The firm has a 50-day moving average of $8.63 and a 200-day moving average of $7.72. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a one year low of $6.13 and a one year high of $9.44. The company has a market cap of $515.32 million, a price-to-earnings ratio of -3.83 and a beta of 4.61.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTX. Lazard Asset Management LLC acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 4th quarter worth approximately $22,266,000. Rivernorth Capital Management LLC acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 1st quarter valued at approximately $16,962,000. Invesco Ltd. grew its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 13.2% in the fourth quarter. Invesco Ltd. now owns 1,811,362 shares of the company’s stock valued at $11,937,000 after buying an additional 211,545 shares in the last quarter. Absolute Investment Advisers LLC grew its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 144.4% in the first quarter. Absolute Investment Advisers LLC now owns 1,549,398 shares of the company’s stock valued at $10,226,000 after buying an additional 915,474 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth $9,000,000. 26.00% of the stock is 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.