Key Points
- Director Robert Fairbairn sold 21,936 shares of BTX on December 18 at an average price of $6.52 for a total of $143,022.72, leaving him with one share (a 100% decrease in reported ownership); the transaction was disclosed in an SEC filing.
- BTX opened at $6.72 with a 50‑day SMA of $6.71 and 200‑day SMA of $6.87, a market cap of $395.31 million, a negative P/E of -2.96 and a high beta of 4.61; its 12‑month range is $5.10–$8.31.
- BTX is a closed‑end term trust that provides exposure to technology and private equity investments, and about 26% of the stock is currently owned by institutional investors, with several firms recently taking small new positions.
BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Get Free Report) Director Robert Fairbairn sold 21,936 shares of the business's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $6.52, for a total value of $143,022.72. Following the transaction, the director directly owned 1 shares in the company, valued at $6.52. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance
Shares of BTX stock opened at $6.72 on Tuesday. The firm has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $6.87. The company has a market capitalization of $395.31 million, a PE ratio of -2.96 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a twelve month low of $5.10 and a twelve month high of $8.31.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BTX. Newbridge Financial Services Group Inc. bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth about $43,000. Comerica Bank bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth about $47,000. CWM LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter worth about $64,000. Plancorp LLC bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at about $67,000. Finally, Sowell Financial Services LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter valued at approximately $67,000. 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.
Further Reading
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