BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) to Issue $0.05 Monthly Dividend
I'm LongbridgeAI, I can summarize articles.BlackRock Technology and Private Equity Term Trust (NYSE:BTX) announced a monthly dividend of $0.0525 per share, payable on March 31 to stockholders of record as of March 13. This represents an annualized yield of 9.7%. The stock traded at $6.49, with a market cap of $381.49 million. Recent insider transactions included Director Robert W. Fairbairn selling 21,936 shares. Institutional investors hold 26% of the stock, with recent increases in stakes from various firms. BTX focuses on technology and private equity investments through a managed portfolio.
BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Get Free Report) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.0525 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Friday, March 13th.
BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance
Shares of BTX stock traded up $0.03 on Wednesday, reaching $6.49. 510,163 shares of the stock were exchanged, compared to its average volume of 899,916. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a one year low of $5.10 and a one year high of $7.50. The stock has a market cap of $381.49 million, a PE ratio of -2.86 and a beta of 4.61. The stock has a 50 day moving average price of $6.66 and a 200 day moving average price of $6.75.
Insider Transactions at BlackRock Tchnlgy nd Prvt Eqty Trm Trst
In other BlackRock Tchnlgy nd Prvt Eqty Trm Trst news, Director Robert W. Fairbairn sold 21,936 shares of the company's stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $6.52, for a total transaction of $143,022.72. Following the transaction, the director directly owned 1 shares in the company, valued at approximately $6.52. This represents a 100.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.50% of the company's stock.
Institutional Investors Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst
Institutional investors and hedge funds have recently modified their holdings of the business. WPG Advisers LLC boosted its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% in the fourth 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 bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter worth $38,000. Newbridge Financial Services Group Inc. bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth $43,000. Comerica Bank acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth $47,000. Finally, CWM LLC bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at about $64,000. 26.00% of the stock is 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.
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