Kovitz Investment Group Partners LLC acquired a new stake in Tri-Continental Co. (NYSE:TY - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 226,093 shares of the investment management company's stock, valued at approximately $7,366,000. Kovitz Investment Group Partners LLC owned approximately 0.42% of Tri-Continental as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in TY. Cetera Advisors LLC increased its stake in Tri-Continental by 105.3% in the 1st quarter. Cetera Advisors LLC now owns 16,868 shares of the investment management company's stock worth $520,000 after purchasing an additional 8,653 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Tri-Continental by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 115,813 shares of the investment management company's stock valued at $3,587,000 after buying an additional 1,775 shares during the period. Whitener Capital Management Inc. grew its holdings in Tri-Continental by 2.7% in the 2nd quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company's stock worth $1,132,000 after acquiring an additional 965 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Tri-Continental by 6.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 137,773 shares of the investment management company's stock valued at $4,267,000 after acquiring an additional 7,759 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its holdings in shares of Tri-Continental by 33.6% during the second quarter. Kirr Marbach & Co. LLC IN now owns 19,882 shares of the investment management company's stock worth $616,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 10.22% of the company's stock.
Tri-Continental Price Performance
Shares of Tri-Continental stock traded up $0.08 during midday trading on Friday, reaching $34.67. 59,475 shares of the company's stock traded hands, compared to its average volume of 39,866. The stock has a 50 day moving average of $33.54 and a 200-day moving average of $32.14. Tri-Continental Co. has a 12 month low of $27.24 and a 12 month high of $34.82.
Tri-Continental Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 13th will be given a $0.285 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a dividend yield of 3.3%.
Tri-Continental Profile
(
Free Report)
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.
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