STK: A Solid GARP Track Record, Returns About On Par With QQQ [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
Mike Zaccardi, CFA, CMT 6.7K Follower s Follow Summary Interest rates have fallen, benefiting leveraged closed-end funds like Columbia Seligman Premium Technology Growth Fund, which invests in tech stocks and uses an options strategy for downside protection. STK generally tracks the Nasdaq 100 ETF but has underperformed during market corrections and has higher seasonal risks. Despite a solid long-term track record and attractive valuation, STK's mixed relative performance history warrants a hold rating. Technical analysis shows STK in an uptrend with support in the $28-$30 range and resistance around $34-$35, targeting a long-term high near $40. Thomas Barwick Interest rates have fallen hard in the past few months. The yield on the 10-year Treasury note peaked at 4.74% on April 25 when there were real fears of a sustained pick back up in inflation. But hot early-year CPI prints are a relic of the past, and more sanguine consumer price trends allow the Fed to begin c
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STK
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