Beckerman Institutional LLC acquired a new position in shares of Tri-Continental Co. (NYSE:TY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,924 shares of the investment management company's stock, valued at approximately $1,352,000. Tri-Continental comprises 1.1% of Beckerman Institutional LLC's portfolio, making the stock its 28th largest holding. Beckerman Institutional LLC owned 0.08% of Tri-Continental at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Atwood & Palmer Inc. acquired a new stake in shares of Tri-Continental in the second quarter valued at approximately $84,000. Motco acquired a new stake in shares of Tri-Continental in the first quarter valued at approximately $108,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Tri-Continental by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company's stock valued at $111,000 after buying an additional 579 shares in the last quarter. US Bancorp DE raised its position in shares of Tri-Continental by 16.4% in the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company's stock valued at $187,000 after buying an additional 796 shares in the last quarter. Finally, Choate Investment Advisors acquired a new stake in shares of Tri-Continental in the first quarter valued at approximately $213,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.
Tri-Continental Stock Up 0.6 %
Shares of NYSE TY traded up $0.21 during midday trading on Friday, reaching $34.10. The company's stock had a trading volume of 41,026 shares, compared to its average volume of 37,902. The business's 50 day moving average price is $32.83 and its two-hundred day moving average price is $31.59. Tri-Continental Co. has a fifty-two week low of $26.20 and a fifty-two week high of $34.17.
Tri-Continental Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a $0.291 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. This is a boost from Tri-Continental's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, September 13th.
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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