NewEdge Advisors LLC Buys 221,371 Shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Key Points

• NewEdge Advisors more than doubled its BTX stake in the second quarter, purchasing 221,371 additional shares to reach 414,875 shares valued at approximately $3.75 million, or 0.71% of the trust.
• BTX was trading at $8.51, down 1.8%, with a 12-month range of $6.13 to $9.44 and a market capitalization of about $500.8 million. Institutional investors collectively own 26% of the shares.
• The trust announced a $0.0525 monthly dividend, equivalent to an annualized yield of approximately 7.4%, payable to shareholders of record as of December 11.

NewEdge Advisors LLC boosted its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Free Report) by 114.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,875 shares of the company's stock after purchasing an additional 221,371 shares during the quarter. NewEdge Advisors LLC owned about 0.71% of BlackRock Tchnlgy nd Prvt Eqty Trm Trst worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. PFG Investments LLC increased its holdings in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 7.7% in the 1st quarter. PFG Investments LLC now owns 18,655 shares of the company's stock worth $123,000 after buying an additional 1,340 shares during the last quarter. TrueMark Investments LLC increased its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 5.4% in the first quarter. TrueMark Investments LLC now owns 29,708 shares of the company's stock valued at $196,000 after acquiring an additional 1,512 shares during the last quarter. WPG Advisers LLC raised its position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 55.2% during the first quarter. WPG Advisers LLC now owns 7,055 shares of the company's stock valued at $47,000 after purchasing an additional 2,509 shares in the last quarter. Chapin Davis Inc. raised its position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 4.1% during the second quarter. Chapin Davis Inc. now owns 77,576 shares of the company's stock valued at $701,000 after purchasing an additional 3,028 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 26.5% during the first quarter. Silver Oak Securities Incorporated now owns 17,135 shares of the company's stock worth $113,000 after purchasing an additional 3,587 shares during the last quarter. 26.00% of the stock is currently owned by institutional investors.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Down 1.8%

BTX opened at $8.51 on Wednesday. The stock has a 50-day moving average price of $8.61 and a 200-day moving average price of $8.12. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 12-month low of $6.13 and a 12-month high of $9.44. The stock has a market capitalization of $500.84 million, a P/E ratio of -3.75 and a beta of 4.61.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.0525 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a yield of 7.4%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst's dividend payout ratio is currently -25.11%.

BlackRock Technology & Private Equity Term Trust NYSE: BTX is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return by investing primarily in technology-related companies and private equity opportunities.

Its portfolio may include publicly traded equities, privately held companies, and investments associated with the technology, media, telecommunications, and other innovation-focused sectors. Through its private equity strategy, the trust is designed to provide investors with access to companies and opportunities that may not be available through traditional publicly traded equity funds.

As a term trust, BTX is structured with a specified termination framework rather than operating as a perpetual closed-end fund.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.