Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Trading 2.7% Higher – Time to Buy?

Shares of Columbia Seligman Premium Technology Growth Fund (NYSE:STK) traded up 2.7% during trading on Wednesday . The company traded as high as $47.77 and last traded at $47.3050. 65,271 shares were traded during trading, an increase of 30% from the average session volume of 50,217 shares. The stock had previously closed at $46.04.

Columbia Seligman Premium Technology Growth Fund Trading Up 1.5%

The stock’s fifty day simple moving average is $40.55 and its 200 day simple moving average is $38.66.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, February 17th.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Hedge funds have recently modified their holdings of the company. David J Yvars Group boosted its position in shares of Columbia Seligman Premium Technology Growth Fund by 28.1% in the fourth quarter. David J Yvars Group now owns 17,800 shares of the company’s stock worth $655,000 after purchasing an additional 3,905 shares during the period. PMG Family Office LLC bought a new position in shares of Columbia Seligman Premium Technology Growth Fund in the third quarter worth approximately $2,659,000. Parallel Advisors LLC boosted its position in shares of Columbia Seligman Premium Technology Growth Fund by 6.7% in the third quarter. Parallel Advisors LLC now owns 11,715 shares of the company’s stock worth $414,000 after purchasing an additional 735 shares during the period. Mosaic Family Wealth Partners LLC bought a new position in shares of Columbia Seligman Premium Technology Growth Fund in the third quarter worth approximately $207,000. Finally, Cornerstone Advisors LLC boosted its position in shares of Columbia Seligman Premium Technology Growth Fund by 91.1% in the third quarter. Cornerstone Advisors LLC now owns 151,597 shares of the company’s stock worth $5,354,000 after purchasing an additional 72,283 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.