Wolverine Asset Management LLC Raises Stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Key Points

• Wolverine Asset Management raised its stake in BlackRock Technology and Private Equity Term Trust (NYSE: BTX) by 46.4% in Q4 to 773,052 shares, representing about 1.31% ownership and valued at roughly $5.09 million.
• BTX declared a monthly dividend of $0.0525 per share (record/ex-dividend date June 15; payable June 30), implying an annualized yield of about 7.8%.
• BTX is a closed-end, term trust focused on technology and private equity, with a market cap near $474 million, an opening price of $8.06, a negative P/E (-3.55) and a 12‑month trading range of $6.13–$8.14.

Wolverine Asset Management LLC raised its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Free Report) by 46.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 773,052 shares of the company's stock after buying an additional 245,016 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.31% of BlackRock Tchnlgy nd Prvt Eqty Trm Trst worth $5,094,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WPG Advisers LLC grew its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% in the 4th quarter. WPG Advisers LLC now owns 4,546 shares of the company's stock valued at $30,000 after buying an additional 2,506 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at $43,000. Comerica Bank purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth $47,000. CWM LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth $64,000. Finally, Sowell Financial Services LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth $67,000. 26.00% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Up 0.1%

NYSE BTX opened at $8.06 on Monday. The stock has a market cap of $473.84 million, a PE ratio of -3.55 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a twelve month low of $6.13 and a twelve month high of $8.14. The stock has a fifty day simple moving average of $6.87 and a 200-day simple moving average of $6.76.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0525 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst's dividend payout ratio is currently -27.75%.

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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