JSF Financial LLC Buys Shares of 9,787 Tri-Continental Co. (NYSE:TY)

JSF Financial LLC purchased a new stake in Tri-Continental Co. (NYSE:TY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,787 shares of the investment management company's stock, valued at approximately $310,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning grew its position in Tri-Continental by 74.8% in the third quarter. Creative Planning now owns 25,860 shares of the investment management company's stock valued at $854,000 after acquiring an additional 11,067 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Tri-Continental by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company's stock valued at $14,595,000 after acquiring an additional 15,350 shares during the last quarter. International Assets Investment Management LLC grew its position in 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 acquiring an additional 225,264 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tri-Continental by 8.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 125,128 shares of the investment management company's stock worth $4,134,000 after purchasing an additional 9,315 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Tri-Continental by 16.4% during the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company's stock worth $187,000 after purchasing an additional 796 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company's stock.

Tri-Continental Stock Performance

Shares of NYSE:TY traded up $0.06 during midday trading on Friday, hitting $32.72. 39,219 shares of the stock were exchanged, compared to its average volume of 53,656. The business's 50-day moving average price is $32.31 and its 200 day moving average price is $32.56. Tri-Continental Co. has a 12 month low of $29.12 and a 12 month high of $34.82.

Tri-Continental Cuts Dividend

The company also recently declared a -- dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.285 per share. This represents a dividend yield of 3.3%. The ex-dividend date was Friday, December 13th.

Tri-Continental Company Profile

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.