BlackRock Tchnlgy nd Prvt Eqty Trm Trst (BTX) To Go Ex-Dividend on May 15th

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) declared a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be paid a dividend of 0.0525 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, May 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

Shares of NYSE:BTX traded up $0.16 during trading hours on Wednesday, hitting $8.45. 319,054 shares of the company’s stock traded hands, compared to its average volume of 800,177. The firm has a market capitalization of $496.79 million, a P/E ratio of -3.71 and a beta of 4.61. The business has a fifty day moving average price of $7.06 and a 200-day moving average price of $6.83. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1 year low of $6.13 and a 1 year high of $8.44.

Institutional Trading of BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several institutional investors and hedge funds have recently made changes to their positions in BTX. Lazard Asset Management LLC bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the fourth quarter worth about $22,266,000. Penserra Capital Management LLC purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at about $18,344,000. Invesco Ltd. bought a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth about $10,719,000. Raymond James Financial Inc. bought a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth about $9,000,000. Finally, Absolute Investment Advisers LLC increased its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 144.4% during the first quarter. Absolute Investment Advisers LLC now owns 1,549,398 shares of the company’s stock worth $10,226,000 after acquiring an additional 915,474 shares during the period. 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.