Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Trading 0.4% Higher – What’s Next?

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

Columbia Seligman Premium Technology Growth Fund Stock Performance

The firm’s 50 day simple moving average is $39.48 and its 200-day simple moving average is $37.04.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.85 annualized dividend and a yield of 4.8%.

Institutional Trading of Columbia Seligman Premium Technology Growth Fund

A number of hedge funds have recently made changes to their positions in STK. PNC Financial Services Group Inc. acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the fourth quarter valued at about $86,000. Harbour Investments Inc. increased its holdings in Columbia Seligman Premium Technology Growth Fund by 604.8% during the 4th quarter. Harbour Investments Inc. now owns 4,377 shares of the company’s stock worth $161,000 after purchasing an additional 3,756 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Columbia Seligman Premium Technology Growth Fund in the 4th quarter valued at approximately $211,000. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of Columbia Seligman Premium Technology Growth Fund by 74.4% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 5,834 shares of the company’s stock valued at $215,000 after buying an additional 2,489 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the third quarter worth approximately $207,000.

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.