Rivernorth Capital Management LLC Takes $16.96 Million Position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Rivernorth Capital Management LLC acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) in the first quarter, Holdings Channel.com reports. The fund acquired 2,570,038 shares of the company’s stock, valued at approximately $16,962,000. BlackRock Tchnlgy nd Prvt Eqty Trm Trst comprises about 0.9% of Rivernorth Capital Management LLC’s portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 4th quarter valued at about $22,266,000. Invesco Ltd. lifted its stake in 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 worth $11,937,000 after purchasing an additional 211,545 shares during the last quarter. Absolute Investment Advisers LLC grew its stake 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 valued at $10,226,000 after buying an additional 915,474 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter worth about $9,000,000. Finally, Quantedge Capital Pte Ltd lifted its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 33.8% in the 1st quarter. Quantedge Capital Pte Ltd now owns 1,187,179 shares of the company’s stock valued at $7,835,000 after acquiring an additional 300,100 shares during the last quarter. 26.00% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

Shares of BTX stock opened at $7.83 on Wednesday. The business has a 50-day moving average of $8.77 and a 200 day moving average of $7.62. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1-year low of $6.13 and a 1-year high of $9.44. The stock has a market capitalization of $460.90 million, a PE ratio of -3.45 and a beta of 4.61.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0525 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 15th. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is presently -25.11%.

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.