Columbia Seligman Premium Technology Growth Func Inc

Columbia Seligman Premium Technology Growth Fund, Inc. is a closed end mutual fund investment trust, which invests in technology and technology-related companies. Its investment objectives is to seek growth of capital. The company was founded on September 03, 2009 and is headquartered in Boston, MA.

Columbia Seligman Premium Technology Growth Fund (STK) has been performing well, rebounding from the tech-driven sell-off in 2022. The fund's options writing strategy allows for flexibility in being defensive or offensive based on market volatility. STK's distribution policy is stable and sustainable, providing a current annualized NAV distribution rate of 6.92%.

STK: Market Pressures Bring Down Premium For This Hot Tech Fund

Columbia Seligman Premium Technology Growth Fund is a covered call fund that has consistently outperformed the market by a large margin (up 473% in the last decade). STK is the best-performing major covered-call fund in 2023, with total returns up almost 40% year to date. The fund invests in growth stocks in the technology sector and uses a bottom-up fundamental analysis approach to select reasonably valued stocks.

STK: One Of The Best Covered Call Funds Out There

The Columbia Seligman Premium Technology Growth Fund is a closed-end fund that owns technology stocks and generates income through call-write strategies on the Nasdaq-100 Index. Although call-write strategies in general trade off upside for premium income, the STK fund has impressively delivered comparable returns to the QQQ while paying an attractive 6.0% yield. The STK appears to be a best-in-class technology fund that is superior to other call-write funds. I would buy the STK on any pullbacks.

STK: Best-In-Class Technology CEF, Wait For Pullback To Buy

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For the third month in four, equity CEFs (-1.95%) on average witnessed downside performance, while their fixed income CEF cohorts (-0.66%) posted losses for the first month in three. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. For May, Convertible Securities CEFs (+0.07%) outperformed the other classifications in the equity CEF universe for the first month since August 2020.

The Month In Closed-End Funds: May 2023

STK is a buy-write closed end fund. The vehicle is focused on technology stocks and has a very high correlation to the Nasdaq performance.

STK: Tech Has Been On Fire, Time To Sell

BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) (NYSE: STK) today announced that the Fund's 13th Annual Meeting of Stockholders will be held on June 20, 2023 (the Meeting) in Minneapolis, MN. The close of business on April 11, 2023 has been fixed by the Fund's Board as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof.

Columbia Seligman Premium Technology Growth Fund, Inc. Announcements Regarding 13th Annual Meeting of Stockholders

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For the second month in three, equity CEFs (-2.68% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-1.79%) posted losses, also for the second month in three.

The Month In Closed-End Funds: February 2023

Columbia Seligman Premium Technology Growth Fund is an equity "buy-write" closed-end fund. The vehicle is long a portfolio of technology-related companies and writes call options on the Nasdaq 100.

STK: Outperforming The Nasdaq

STK is a technology focused buy-write CEF. The fund is overweight semiconductor and software equities.

STK: Hasn't Really Dampened Volatility This Year

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The Columbia Seligman Premium Technology Growth Fund and Global X NASDAQ 100 Covered Call ETF both write call options on the NASDAQ 100 Index. QYLD showed up on our radar because its yields have surged to 15%+.

STK Vs. QYLD: Why I Like QYLD's 15%+ Yield Better

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0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a fourth-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The fourth-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.9944% (7.98% annualized) of the

Columbia Seligman Premium Technology Growth Fund Announces Fourth Quarter Distribution: 9.25% Annual Rate for IPO Investors

Columbia Seligman Premium Technology Growth Fund (STK) is an equity "buy-write" closed-end fund focused on technology stocks. During the height of the summer bear market rally, we wrote an article where we detailed why we were assigning a Sell rating to this CEF.

STK: Target Met, Moving From Sell To Hold

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I'm always shocked when dividend investors ignore tech stocks.

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BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a third-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The third-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.507% (6.03% annualized) of the Fu

Columbia Seligman Premium Technology Growth Fund Announces Third Quarter Distribution: 9.25% Annual Rate for IPO Investors

STK is an equity "buy-write" closed-end fund. The CEF is heavily Technology focused, being overweight Semiconductor and Tech Hardware Storage stocks.

STK: A Golden Standard Of Technology CEFs Currently Overpriced

MINNEAPOLIS--(BUSINESS WIRE)--Columbia Seligman Premium Technology Growth Fund, Inc. (the “Fund”) (NYSE: STK) today held its 12th Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Fund's Board of Directors (the “Board”) on each of two proposals at the Meeting. Specifically, Stockholders elected two Directors, Messrs. Douglas A. Hacker and Daniel J. Beckman, and re-elected two other Directors, Mses. Minor M. Shaw a

Columbia Seligman Premium Technology Growth Fund, Inc. Holds 12th Annual Meeting of Stockholders

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a second-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The second-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.6401% (6.56% annualized) of the

Columbia Seligman Premium Technology Growth Fund Announces Second Quarter Distribution: 9.25% Annual Rate for IPO Investors

The Columbia Seligman Premium Technology Growth Fund (STK) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) both follow a covered call strategy. Both are unleveraged CEFs and are also based on the technology sector as the underlying index.

STK Vs. QQQX: Which Is The Better Covered-Call Fund

BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) (NYSE: STK) today announced that the Fund's 12th Annual Meeting of Stockholders will be held on June 21, 2022 (the Meeting) in Minneapolis, MN. The close of business on April 12, 2022 has been fixed by the Fund's Board as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof.

Columbia Seligman Premium Technology Growth Fund, Inc. Announcements Regarding 12th Annual Meeting of Stockholders

The current yield is 5.4%. This is attractive if the distribution can be supported.

Evaluating CEFs: STK Still Growing NAV Despite Tech Sector Hit

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a first-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.3960% (5.58% annualized) of the F

Columbia Seligman Premium Technology Growth Fund Announces First Quarter Distribution: 9.25% Annual Rate for IPO Investors

STK is a closed end fund managed by Columbia Threadneedle that utilizes an equity focused portfolio, supplemented with derivatives, to drive stable income and total return. The fund has a current yield of 5.00% and has outperformed the S&P 500 since inception in 2009.

STK: Strong Yield Powered By Tech Growth

If you invest in closed-end funds (CEFs), you're already miles ahead of most folks.

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For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.

News for Columbia Seligman Premium Technology Growth Func Inc ETF (STK)