Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Trading Down 0.1% – Should You Sell?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK – Get Free Report) traded down 0.1% on Monday . The company traded as low as $52.05 and last traded at $52.3690. 57,899 shares traded hands during trading, a decline of 2% from the average session volume of 59,060 shares. The stock had previously closed at $52.42.

Columbia Seligman Premium Technology Growth Fund Price Performance

The business has a 50-day moving average price of $51.50 and a 200 day moving average price of $46.24.

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Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 17th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Investors Weigh In On Columbia Seligman Premium Technology Growth Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC bought a new position in shares of Columbia Seligman Premium Technology Growth Fund during the second quarter valued at $30,000. Fifth Third Bancorp bought a new position in Columbia Seligman Premium Technology Growth Fund in the 1st quarter worth about $47,000. Western Wealth Management LLC purchased a new stake in Columbia Seligman Premium Technology Growth Fund during the 1st quarter valued at about $57,000. PNC Financial Services Group Inc. purchased a new stake in Columbia Seligman Premium Technology Growth Fund during the 4th quarter valued at about $86,000. Finally, Harbour Investments Inc. increased its stake 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 purchasing an additional 3,756 shares in the last quarter.

Columbia Seligman Premium Technology Growth Fund Company Profile

(Get Free Report)

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.

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