Saba Capital Management L.P. Invests $5.04 Million in BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Saba Capital Management L.P. bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 764,197 shares of the company’s stock, valued at approximately $5,044,000. Saba Capital Management L.P. owned about 1.30% of BlackRock Tchnlgy nd Prvt Eqty Trm Trst as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC raised 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 acquiring an additional 2,506 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the fourth quarter valued at approximately $38,000. Newbridge Financial Services Group Inc. purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth approximately $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. Finally, Fifth Third Bancorp acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth approximately $57,000. 26.00% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

Shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.04 on Tuesday. The stock has a 50 day moving average of $8.78 and a 200 day moving average of $7.61. The firm has a market capitalization of $473.20 million, a price-to-earnings ratio of -3.54 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a fifty-two week low of $6.13 and a fifty-two week high of $9.44.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0525 per share. The ex-dividend date is Tuesday, September 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 -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.