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Columbia Seligman Premium Technology Growth Fund, Inc. Holds 16th Annual Meeting of Stockholders
Business Wire (Tue, 16-Jun 2:18 PM ET)
Business Wire (Fri, 8-May 10:15 AM ET)
The Fund’s investment objectives are to seek growth of capital and current income. Under normal market conditions, the Fund’s investment program will consist primarily of (i) investing in a portfolio of equity securities of technology and technology-related companies that seeks to exceed the total return, before fees and expenses, of the S&P North American Technology Sector Index and (ii) writing call options on the NASDAQ 100 Index®, an unmanaged index that includes the largest and most active non-financial domestic and international companies listed on the Nasdaq Stock Market, or its exchange-traded fund equivalent (the NASDAQ 100) on a month-to-month basis., with an aggregate notional amount typically ranging from 0% to 90% of the underlying value of the Fund’s holdings of Common Stock. The Fund expects to generate current income from premiums received from writing call options on the NASDAQ 100. The Fund may also buy or write other call and put options on securities, indices, ETFs and market baskets of securities to generate additional income or return or to provide the portfolio with downside protection. The Fund uses a rules-based call option writing strategy on the NASDAQ 100 Index®, an unmanaged index that includes the largest and most active nonfinancial domestic and international companies listed on the Nasdaq Stock Market, or its exchange-traded fund equivalent (NASDAQ 100) on a month-to-month basis with an aggregate notional amount ranging from 0% to 90% of the underlying value of the Fund’s holdings of common stock (the Rules-Based Option Strategy). In addition to the Rules-Based Option Strategy, the Fund may write additional calls with aggregate notional amounts of up to 25% of the value of the Fund’s holdings in common stocks (to a maximum of 90% when aggregated with the call options written pursuant to the Rules-Based Option Strategy) when call premiums are attractive relative to the risk of the price of the NASDAQ 100. The Fund may also close (or buy back) a written call option if the Investment Manager believes that a substantial amount of the premium (typically, 70% or more) to be received by the Fund has been captured before exercise, potentially reducing the call position to 0% of total equity until additional calls are written.
Columbia Seligman Premium Technology Growth trades on the NYSE stock market under the symbol STK.
As of August 3, 2026, STK stock price climbed to $49.58 with 77,639 million shares trading.
STK has a beta of 2.00, meaning it tends to be more sensitive to market movements. STK has a correlation of 0.68 to the broad based SPY ETF.
STK has a market cap of $877.32 million. This is considered a Small Cap stock.
In the last 3 years, STK traded as high as $58.46 and as low as $23.05.
STK has outperformed the market in the last year with a return of +68.2%, while the SPY ETF gained +21.1%. However, in the most recent history, STK shares have underperformed the stock market with its stock returning +2.4% in the last 3 month period and +0.7% for the last 2 week period, while SPY has returned +5.7% and +1.9%, respectively.
STK support price is $47.80 and resistance is $50.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STK shares will trade within this expected range on the day.