Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Stock Price Down 0.6% – Here’s What Happened

Columbia Seligman Premium Technology Growth Fund (NYSE:STK)’s share price traded down 0.6% on Monday . The company traded as low as $48.87 and last traded at $48.93. Approximately 36,781 shares traded hands during trading, a decline of 36% from the average daily volume of 57,412 shares. The stock had previously closed at $49.22.

Columbia Seligman Premium Technology Growth Fund Stock Down 0.4%

The company’s fifty day simple moving average is $52.49 and its 200 day simple moving average is $45.19.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

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

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Institutional investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the 2nd quarter valued at about $30,000. Fifth Third Bancorp bought a new position in shares of Columbia Seligman Premium Technology Growth Fund in the first quarter worth approximately $47,000. Western Wealth Management LLC purchased a new stake in Columbia Seligman Premium Technology Growth Fund in the first quarter valued at approximately $57,000. PNC Financial Services Group Inc. purchased a new stake in Columbia Seligman Premium Technology Growth Fund in the fourth quarter valued at approximately $86,000. Finally, Harbour Investments Inc. grew its stake 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 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.