STK - STK: This Tech Stock ETF Is Likely Due For A Pullback
2024-06-21 04:42:30 ET
Summary
- Columbia Seligman Premium Technology Growth Fund focuses on leading tech stocks with strong returns since inception.
- Top holdings include Lam Research, Broadcom, and Microsoft, all potentially overbought and due for a pullback.
- Nvidia's massive rally could spark a tech stock selloff, making it a good time to sell and wait for a pullback.
Columbia Seligman Premium Technology Growth Fund ( STK ) focuses on owning a variety of leading tech stocks, and this has been a winning strategy for many years. This ETF has about $517 million in assets under management and has an expense ratio of 1.13%. Since its inception in November 2009, this fund has returned 14.75% annually. The one-year and five-year performance numbers are even higher with one-year total returns of just over 29.47% and five-year returns averaging nearly 19.26% annually. With so much innovation coming from the tech sector, it is an ideal sector to invest in for the long term, but tech stocks are overbought now and likely due for a correction. Let's take a closer look:...
STK: This Tech Stock ETF Is Likely Due For A Pullback