Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Stock Price Up 5.3% – Time to Buy?

Shares of Columbia Seligman Premium Technology Growth Fund (NYSE:STK) were up 5.3% during mid-day trading on Tuesday . The stock traded as high as $38.02 and last traded at $37.8510. Approximately 69,077 shares changed hands during trading, an increase of 40% from the average daily volume of 49,319 shares. The stock had previously closed at $35.94.

Columbia Seligman Premium Technology Growth Fund Trading Up 5.3%

The business has a fifty day moving average price of $39.56 and a 200-day moving average price of $37.79.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, February 17th.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. acquired a new stake in Columbia Seligman Premium Technology Growth Fund in the 4th quarter worth about $86,000. Harbour Investments Inc. increased its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 604.8% during the fourth 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 period. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $206,000 after buying an additional 316 shares in the last quarter. Mosaic Family Wealth Partners LLC acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund in the third quarter valued at approximately $207,000. Finally, Jane Street Group LLC bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund in the second quarter valued at approximately $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.