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

Key Points

• BTX declared a monthly dividend of $0.0525 per share, payable October 30 to shareholders of record as of October 15. The payment represents an annualized yield of approximately 7.2%.
• Shares opened at $8.80 and were down 1.7%, with the stock trading between a 52-week low of $6.13 and high of $9.44. Its 50-day and 200-day moving averages were $8.61 and $8.08, respectively.
• Institutional investors own 26% of BTX, with Invesco and UBS among the largest recent buyers, acquiring stakes valued at approximately $10.7 million and $4.7 million.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.0525 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Down 1.7%

BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.80 on Friday. The firm has a market capitalization of $517.96 million, a price-to-earnings ratio of -3.88 and a beta of 4.61. The firm's fifty day moving average price is $8.61 and its two-hundred day moving average price is $8.08. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1-year low of $6.13 and a 1-year high of $9.44.

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

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 2nd quarter valued at about $448,000. CreativeOne Wealth LLC purchased a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter worth approximately $101,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter worth approximately $939,000. UBS Group AG bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at approximately $4,653,000. Finally, Invesco Ltd. bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at approximately $10,719,000. Institutional investors own 26.00% of the company's stock.

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.

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