Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Trading Down 0.2% – Should You Sell?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK)’s share price traded down 0.2% during trading on Tuesday . The company traded as low as $37.02 and last traded at $37.1150. 19,641 shares were traded during mid-day trading, a decline of 61% from the average session volume of 50,532 shares. The stock had previously closed at $37.20.

Columbia Seligman Premium Technology Growth Fund Price Performance

The firm’s 50-day moving average is $36.91 and its 200 day moving average is $33.99.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, November 17th.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Several institutional investors have recently added to or reduced their stakes in STK. Cetera Investment Advisers lifted its position in Columbia Seligman Premium Technology Growth Fund by 48.4% during the 2nd quarter. Cetera Investment Advisers now owns 26,650 shares of the company’s stock worth $810,000 after acquiring an additional 8,695 shares during the period. Kingsview Wealth Management LLC increased its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 4.3% in the second quarter. Kingsview Wealth Management LLC now owns 29,367 shares of the company’s stock valued at $893,000 after purchasing an additional 1,205 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Columbia Seligman Premium Technology Growth Fund by 16.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,460 shares of the company’s stock worth $181,000 after purchasing an additional 915 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 1,332.9% during the second quarter. Allworth Financial LP now owns 8,698 shares of the company’s stock worth $264,000 after purchasing an additional 8,091 shares during the period. Finally, L.M. Kohn & Company lifted its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 11.1% during the second quarter. L.M. Kohn & Company now owns 13,257 shares of the company’s stock worth $403,000 after purchasing an additional 1,322 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.