Advisors Asset Management Inc. Makes New $2.87 Million Investment in BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Advisors Asset Management Inc. acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 427,724 shares of the company’s stock, valued at approximately $2,866,000. Advisors Asset Management Inc. owned 0.73% of BlackRock Tchnlgy nd Prvt Eqty Trm Trst as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. CWM LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth about $64,000. Plancorp LLC acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth approximately $67,000. Sowell Financial Services LLC bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter valued at approximately $67,000. J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at $72,000. Finally, 4WEALTH Advisors Inc. bought a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter worth $74,000. Institutional investors own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

BTX opened at $6.47 on Friday. The company has a market capitalization of $380.60 million, a P/E ratio of -2.85 and a beta of 4.61. The firm’s fifty day moving average price is $6.69 and its two-hundred day moving average price is $6.85. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a fifty-two week low of $5.10 and a fifty-two week high of $8.16.

Insider Buying and Selling at BlackRock Tchnlgy nd Prvt Eqty Trm Trst

In related 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 value of $143,022.72. Following the sale, the director owned 1 shares of the company’s stock, valued at $6.52. The trade was a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.50% of the company’s stock.

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.