QQQ - STK: Target Met Moving From Sell To Hold
Summary
- 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.
- Our view to sell would have saved an investor almost 3 years' worth of dividends based on the fund's current yield, which is approximately 7.5%.
- Even robust buy-and-hold CEFs need to be adjusted for overriding market conditions to ensure robust annual total returns in an investor's portfolio.
For further details see:
STK: Target Met, Moving From Sell To Hold