Raymond James Trust N.A. cut its holdings in Tri-Continental Co. (NYSE:TY – Get Rating) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,917 shares of the investment management company's stock after selling 644 shares during the period. Raymond James Trust N.A.'s holdings in Tri-Continental were worth $229,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of TY. CWM LLC grew its stake in Tri-Continental by 3,283.7% during the fourth quarter. CWM LLC now owns 1,455 shares of the investment management company's stock worth $37,000 after buying an additional 1,412 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Tri-Continental by 22.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,000 shares of the investment management company's stock worth $384,000 after buying an additional 2,726 shares in the last quarter. Tower Wealth Partners Inc. grew its stake in Tri-Continental by 3.4% during the fourth quarter. Tower Wealth Partners Inc. now owns 11,817 shares of the investment management company's stock worth $303,000 after buying an additional 387 shares in the last quarter. Daymark Wealth Partners LLC acquired a new stake in Tri-Continental during the fourth quarter worth about $291,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Tri-Continental during the fourth quarter worth about $28,000. 9.78% of the stock is currently owned by institutional investors and hedge funds.
Get Tri-Continental alerts:Tri-Continental Trading Down 0.4 %
Shares of Tri-Continental stock opened at $26.25 on Thursday. Tri-Continental Co. has a 12-month low of $25.23 and a 12-month high of $30.21. The firm's 50-day moving average price is $26.52 and its two-hundred day moving average price is $26.75.
Tri-Continental Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders 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 dividend yield of 4.42%.
Tri-Continental 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.
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