Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Shares Down 1.5% – Here’s What Happened

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) traded down 1.5% during mid-day trading on Tuesday . The stock traded as low as $38.00 and last traded at $39.00. 81,694 shares were traded during trading, an increase of 35% from the average session volume of 60,299 shares. The stock had previously closed at $39.59.

Columbia Seligman Premium Technology Growth Fund Stock Performance

The company has a 50 day simple moving average of $37.02 and a two-hundred day simple moving average of $34.90.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.85 annualized dividend and a dividend yield of 4.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mosaic Family Wealth Partners LLC purchased a new stake in shares of Columbia Seligman Premium Technology Growth Fund in the third quarter valued at $207,000. Landscape Capital Management L.L.C. bought a new position in Columbia Seligman Premium Technology Growth Fund during the 3rd quarter valued at about $210,000. World Investment Advisors purchased a new stake in Columbia Seligman Premium Technology Growth Fund in the 2nd quarter worth about $206,000. Northwestern Mutual Wealth Management Co. lifted its stake in Columbia Seligman Premium Technology Growth Fund by 4.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,776 shares of the company’s stock worth $206,000 after purchasing an additional 316 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Columbia Seligman Premium Technology Growth Fund in the second quarter worth about $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.