Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Trading 0.5% Higher – Still a Buy?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK)’s stock price rose 0.5% on Tuesday . The company traded as high as $54.30 and last traded at $54.20. Approximately 43,022 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 57,511 shares. The stock had previously closed at $53.92.

Columbia Seligman Premium Technology Growth Fund Price Performance

The company has a 50 day simple moving average of $51.23 and a 200-day simple moving average of $48.91.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 17th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.4%.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Large investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC purchased a new stake in Columbia Seligman Premium Technology Growth Fund during the second quarter valued at about $30,000. Fifth Third Bancorp bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund in the 1st quarter valued at about $47,000. Western Wealth Management LLC bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund in the 1st quarter valued at about $57,000. PNC Financial Services Group Inc. boosted its holdings in Columbia Seligman Premium Technology Growth Fund by 77.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,126 shares of the company’s stock valued at $156,000 after acquiring an additional 1,795 shares during the period. Finally, Harbour Investments Inc. boosted 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 valued at $161,000 after acquiring an additional 3,756 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.