Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Shares Up 5.3% – Here’s What Happened

Shares of Columbia Seligman Premium Technology Growth Fund (NYSE:STK) were up 5.3% on Tuesday . The company traded as high as $38.02 and last traded at $37.8510. Approximately 69,077 shares were traded during trading, an increase of 40% from the average daily volume of 49,319 shares. The stock had previously closed at $35.94.

Columbia Seligman Premium Technology Growth Fund Stock Up 0.0%

The business has a 50 day moving average of $39.54 and a two-hundred day moving average of $37.80.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 17th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $1.85 dividend on an annualized basis and a yield of 4.7%.

Institutional Investors Weigh In On Columbia Seligman Premium Technology Growth Fund

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 5.7% during the first quarter. Royal Bank of Canada now owns 329,362 shares of the company’s stock worth $9,215,000 after purchasing an additional 17,770 shares during the period. Cetera Investment Advisers grew its holdings in Columbia Seligman Premium Technology Growth Fund by 48.4% in the 2nd quarter. Cetera Investment Advisers now owns 26,650 shares of the company’s stock valued at $810,000 after buying an additional 8,695 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Columbia Seligman Premium Technology Growth Fund by 4.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,776 shares of the company’s stock worth $206,000 after buying an additional 316 shares during the period. Raymond James Financial Inc. increased its position in Columbia Seligman Premium Technology Growth Fund by 20.4% during the 2nd quarter. Raymond James Financial Inc. now owns 57,227 shares of the company’s stock worth $1,740,000 after buying an additional 9,698 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the second quarter worth $208,000.

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.