Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Shares Up 0.6% – Here’s Why

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) shares were up 0.6% on Wednesday . The stock traded as high as $41.06 and last traded at $40.65. Approximately 36,258 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 52,345 shares. The stock had previously closed at $40.42.

Columbia Seligman Premium Technology Growth Fund Price Performance

The firm’s fifty day moving average price is $38.33 and its 200-day moving average price is $35.90.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.6%.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Several institutional investors and hedge funds have recently modified their holdings of STK. PMG Family Office LLC bought a new position in Columbia Seligman Premium Technology Growth Fund in the third quarter valued at approximately $2,659,000. Cornerstone Advisors LLC raised its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 91.1% during the third quarter. Cornerstone Advisors LLC now owns 151,597 shares of the company’s stock worth $5,354,000 after acquiring an additional 72,283 shares during the period. Shaker Financial Services LLC lifted its position in Columbia Seligman Premium Technology Growth Fund by 520.7% in the 3rd quarter. Shaker Financial Services LLC now owns 80,622 shares of the company’s stock valued at $2,848,000 after acquiring an additional 67,633 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Columbia Seligman Premium Technology Growth Fund in the 3rd quarter valued at $1,891,000. Finally, Invesco Ltd. boosted its stake in Columbia Seligman Premium Technology Growth Fund by 26.0% in the 3rd quarter. Invesco Ltd. now owns 211,868 shares of the company’s stock worth $7,483,000 after purchasing an additional 43,735 shares during the period.

About Columbia Seligman Premium Technology Growth Fund

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.