U.S. Capital Wealth Advisors LLC bought a new position in shares of Tri-Continental Co. (NYSE:TY – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,400 shares of the investment management company's stock, valued at approximately $36,000.
A number of other institutional investors have also recently added to or reduced their stakes in TY. Allspring Global Investments Holdings LLC lifted its position in shares of Tri-Continental by 79.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 429,572 shares of the investment management company's stock worth $10,979,000 after purchasing an additional 190,359 shares during the period. 1620 Investment Advisors Inc. lifted its position in shares of Tri-Continental by 21,450.3% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 81,891 shares of the investment management company's stock worth $2,093,000 after purchasing an additional 81,511 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Tri-Continental by 70.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 94,105 shares of the investment management company's stock worth $2,405,000 after purchasing an additional 38,954 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Tri-Continental by 77.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 71,151 shares of the investment management company's stock worth $1,824,000 after purchasing an additional 31,145 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Tri-Continental by 27.4% in the 3rd quarter. Royal Bank of Canada now owns 113,927 shares of the investment management company's stock worth $2,911,000 after purchasing an additional 24,523 shares during the period. 9.78% of the stock is owned by institutional investors.
Get Tri-Continental alerts:Tri-Continental Stock Performance
Shares of NYSE TY opened at $26.54 on Wednesday. Tri-Continental Co. has a 52-week low of $25.23 and a 52-week high of $30.21. The company's 50 day moving average price is $26.47 and its 200-day moving average price is $26.78.
Tri-Continental Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Monday, March 13th were given a dividend of $0.29 per share. The ex-dividend date was Friday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.37%.
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.
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