Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Stock Price Up 0.4% – What’s Next?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) rose 0.4% during trading on Monday . The company traded as high as $38.97 and last traded at $38.87. Approximately 59,912 shares changed hands during trading, an increase of 13% from the average daily volume of 52,994 shares. The stock had previously closed at $38.72.

Columbia Seligman Premium Technology Growth Fund Stock Up 0.8%

The firm’s 50 day moving average is $39.53 and its 200-day moving average is $37.10.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 17th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, February 17th.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

A number of hedge funds have recently bought and sold shares of STK. PNC Financial Services Group Inc. acquired a new position in shares of Columbia Seligman Premium Technology Growth Fund during the 4th quarter worth approximately $86,000. Harbour Investments Inc. grew its stake in Columbia Seligman Premium Technology Growth Fund by 604.8% in the 4th quarter. Harbour Investments Inc. now owns 4,377 shares of the company’s stock valued at $161,000 after acquiring an additional 3,756 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Columbia Seligman Premium Technology Growth Fund by 4.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,776 shares of the company’s stock worth $206,000 after acquiring an additional 316 shares in the last quarter. Mosaic Family Wealth Partners LLC purchased a new stake in Columbia Seligman Premium Technology Growth Fund in the 3rd quarter worth $207,000. Finally, Jane Street Group LLC acquired a new position in Columbia Seligman Premium Technology Growth Fund during the second quarter worth $208,000.

Columbia Seligman Premium Technology Growth Fund Company Profile

The Columbia Seligman Premium Technology Growth Fund (NYSE: STK) is a diversified, closed-end management investment company launched in 1995. Co-managed by Columbia Management Investment Advisers, LLC and Seligman Fund Advisers, the fund seeks long-term capital growth by investing primarily in common stocks of U.S. technology and technology-enabled companies. Its portfolio typically spans sub-sectors such as software, semiconductors, hardware, communications and internet services, with an emphasis on firms exhibiting strong revenue growth and innovative product development.

In addition to equity investments, the fund employs a covered-call option overlay strategy designed to generate premium income, enhance monthly distributions and potentially reduce portfolio volatility.