Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Stock Price Up 0.6% – Time to Buy?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK)’s share price rose 0.6% during trading on Wednesday . The company traded as high as $41.06 and last traded at $40.65. Approximately 36,258 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 52,345 shares. The stock had previously closed at $40.42.

Columbia Seligman Premium Technology Growth Fund Trading Up 0.6%

The stock has a fifty day moving average of $38.33 and a 200-day moving average of $35.90.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th will be issued a $0.4625 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its position in Columbia Seligman Premium Technology Growth Fund by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 303,947 shares of the company’s stock worth $11,182,000 after buying an additional 8,839 shares in the last quarter. LPL Financial LLC grew its stake in Columbia Seligman Premium Technology Growth Fund by 5.7% in the fourth quarter. LPL Financial LLC now owns 184,392 shares of the company’s stock valued at $6,784,000 after purchasing an additional 9,869 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Columbia Seligman Premium Technology Growth Fund by 9.1% during the 4th quarter. Parallel Advisors LLC now owns 12,782 shares of the company’s stock worth $470,000 after purchasing an additional 1,067 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Columbia Seligman Premium Technology Growth Fund by 1.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 29,771 shares of the company’s stock worth $1,095,000 after purchasing an additional 400 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of 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 worth $161,000 after purchasing an additional 3,756 shares in the last quarter.

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.