STK: A High-Yielding Technology CEF That Is Also Overpriced [Seeking Alpha]
Columbia Seligman Premium Technology Growth Fund Inc (STK)
US:NYSE Investor Relations:
columbiathreadneedleus.com/investment-products/closed-end-funds
Company Research
Source: Seeking Alpha
Summary STK is one of the few CEFs focused on the technology sector. The fund is fairly well diversified and only has limited exposure to the five technology giants, which may give it more room to run than a passive ETF. The fund has underperformed passively-managed options, but admittedly the difference is not especially huge. The fund boasts a very nice 7% distribution yield, but the price is also a bit high relative to NAV. It is a judgment call whether you want to put this in your portfolio or not. The technology sector is not generally one that is favored by investors seeking an income. This makes sense as most of the companies in the sector do not even pay a dividend and even those that do have a very low yield. Fortunately, there are some closed-end funds that address this problem, but even these are a very rare breed. One of the few funds that does invest in the technology sector is the Columbia Seligman Premium Technology Growth Fund (NYSE: last time About The Fund According
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Sec Filings
- 11/22/24 - Form 424B5
- 11/18/24 - Form EFFECT
- 11/13/24 - Form N-2/A
- STK's page on the SEC website