Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Shares Up 1.2% – What’s Next?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK)’s share price shot up 1.2% during trading on Wednesday . The stock traded as high as $52.01 and last traded at $51.84. 68,412 shares changed hands during trading, an increase of 35% from the average session volume of 50,690 shares. The stock had previously closed at $51.21.

Columbia Seligman Premium Technology Growth Fund Trading Down 2.8%

The company’s 50-day simple moving average is $43.07 and its 200 day simple moving average is $39.92.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, May 18th.

Institutional Trading of Columbia Seligman Premium Technology Growth Fund

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in Columbia Seligman Premium Technology Growth Fund in the 1st quarter worth approximately $47,000. PNC Financial Services Group Inc. bought a new position in Columbia Seligman Premium Technology Growth Fund in the 4th quarter worth approximately $86,000. Harbour Investments Inc. increased its position in Columbia Seligman Premium Technology Growth Fund by 604.8% in the 4th quarter. Harbour Investments Inc. now owns 4,377 shares of the company’s stock worth $161,000 after buying an additional 3,756 shares during the period. Diversify Wealth Management LLC bought a new position in Columbia Seligman Premium Technology Growth Fund in the 1st quarter worth approximately $168,000. Finally, Mosaic Family Wealth Partners LLC bought a new position in Columbia Seligman Premium Technology Growth Fund in the 3rd quarter worth approximately $207,000.

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.