EP Wealth Advisors LLC purchased a new position in Tri-Continental Co. (NYSE:TY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 103,243 shares of the investment management company's stock, valued at approximately $3,411,000. EP Wealth Advisors LLC owned approximately 0.19% of Tri-Continental at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC acquired a new stake in Tri-Continental during the third quarter worth about $7,366,000. International Assets Investment Management LLC grew its holdings in shares of Tri-Continental by 3,203.9% in the third quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company's stock valued at $7,031,000 after purchasing an additional 225,264 shares during the period. Wolverine Asset Management LLC increased its position in Tri-Continental by 127.2% during the third quarter. Wolverine Asset Management LLC now owns 120,710 shares of the investment management company's stock worth $3,988,000 after purchasing an additional 67,577 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Tri-Continental by 69.7% during the 3rd quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company's stock worth $5,321,000 after buying an additional 66,148 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Tri-Continental during the 2nd quarter valued at approximately $1,852,000. 10.22% of the stock is currently owned by institutional investors.
Tri-Continental Price Performance
NYSE:TY traded down $0.28 on Monday, reaching $34.39. The company's stock had a trading volume of 41,671 shares, compared to its average volume of 38,318. Tri-Continental Co. has a 12-month low of $27.41 and a 12-month high of $34.82. The stock has a 50 day moving average price of $33.54 and a 200 day moving average price of $32.15.
Tri-Continental Cuts Dividend
The business also recently declared a -- dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 13th will be paid a $0.285 dividend. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 13th.
About Tri-Continental
(
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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