Armstrong Advisory Group Inc. purchased a new stake in shares of Tri-Continental Co. (NYSE:TY – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,109 shares of the investment management company's stock, valued at approximately $28,000.
Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA purchased a new stake in shares of Tri-Continental during the 1st quarter valued at about $25,000. MADDEN SECURITIES Corp bought a new position in shares of Tri-Continental in the 4th quarter worth approximately $38,000. US Bancorp DE lifted its stake in shares of Tri-Continental by 129.1% in the 3rd quarter. US Bancorp DE now owns 4,835 shares of the investment management company's stock worth $124,000 after purchasing an additional 2,725 shares during the period. Captrust Financial Advisors bought a new position in shares of Tri-Continental in the 2nd quarter worth approximately $132,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Tri-Continental by 4,484.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,584 shares of the investment management company's stock worth $141,000 after purchasing an additional 4,484 shares during the period. Hedge funds and other institutional investors own 9.78% of the company's stock.
Get Tri-Continental alerts:Tri-Continental Trading Up 0.2 %
Shares of NYSE:TY opened at $25.83 on Monday. The firm's 50 day moving average price is $26.92 and its 200-day moving average price is $26.78. Tri-Continental Co. has a twelve month low of $25.23 and a twelve month high of $31.37.
Tri-Continental Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Monday, March 13th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Friday, March 10th.
About Tri-Continental
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Tri-Continental Corp. is a diversified, closed-end management investment company, which invests primarily for the longer term. Its objective is to produce future growth of both capital and income while providing reasonable current income. The company was founded on January 14, 1929 and is headquartered in Boston, MA.
Further Reading
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