Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Stock Price Up 0.5% – Still a Buy?

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) shares rose 0.5% during trading on Tuesday . The company traded as high as $54.30 and last traded at $54.20. Approximately 43,022 shares changed hands during trading, a decline of 25% from the average daily volume of 57,511 shares. The stock had previously closed at $53.92.

Columbia Seligman Premium Technology Growth Fund Price Performance

The firm has a fifty day simple moving average of $51.23 and a two-hundred day simple moving average of $48.91.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 17th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 17th.

Institutional Trading of Columbia Seligman Premium Technology Growth Fund

Several large investors have recently added to or reduced their stakes in STK. Aviance Capital Partners LLC increased its position in Columbia Seligman Premium Technology Growth Fund by 0.5% during the 1st quarter. Aviance Capital Partners LLC now owns 44,424 shares of the company’s stock valued at $1,685,000 after purchasing an additional 200 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Columbia Seligman Premium Technology Growth Fund by 1.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 17,602 shares of the company’s stock worth $948,000 after purchasing an additional 287 shares during the period. Kingsview Wealth Management LLC boosted its stake 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 valued at $1,095,000 after purchasing an additional 400 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Columbia Seligman Premium Technology Growth Fund by 1.5% during the 1st quarter. International Assets Investment Management LLC now owns 29,254 shares of the company’s stock valued at $1,141,000 after purchasing an additional 440 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of Columbia Seligman Premium Technology Growth Fund during the second quarter valued at about $30,000.

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.