Private Advisor Group LLC cut its stake in shares of Tri-Continental Co. (NYSE:TY – Get Rating) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,215 shares of the investment management company's stock after selling 454 shares during the quarter. Private Advisor Group LLC's holdings in Tri-Continental were worth $313,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in TY. Armstrong Advisory Group Inc. acquired a new stake in Tri-Continental during the 4th quarter valued at approximately $28,000. Stolper Co grew its stake in shares of Tri-Continental by 2.9% during the 3rd quarter. Stolper Co now owns 58,208 shares of the investment management company's stock worth $1,488,000 after purchasing an additional 1,625 shares during the period. Whitener Capital Management Inc. lifted its stake in shares of Tri-Continental by 56.8% in the 3rd quarter. Whitener Capital Management Inc. now owns 24,857 shares of the investment management company's stock valued at $635,000 after purchasing an additional 9,004 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Tri-Continental by 15.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 40,006 shares of the investment management company's stock worth $1,023,000 after buying an additional 5,230 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Tri-Continental by 79.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 429,572 shares of the investment management company's stock valued at $10,979,000 after buying an additional 190,359 shares during the period. 9.78% of the stock is owned by institutional investors and hedge funds.
Get Tri-Continental alerts:Tri-Continental Trading Up 0.1 %
Shares of Tri-Continental stock opened at $26.45 on Friday. The firm has a 50-day simple moving average of $26.79 and a two-hundred day simple moving average of $26.70. Tri-Continental Co. has a fifty-two week low of $25.23 and a fifty-two week high of $31.20.
Tri-Continental Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Monday, March 13th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.39%.
Tri-Continental Company Profile
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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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