Tri-Continental Co. (NYSE:TY) Holdings Decreased by Bard Financial Services Inc.

Bard Financial Services Inc. lessened its stake in shares of Tri-Continental Co. (NYSE:TY - Free Report) by 41.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 297,709 shares of the investment management company's stock after selling 213,584 shares during the quarter. Tri-Continental comprises about 2.0% of Bard Financial Services Inc.'s investment portfolio, making the stock its 7th biggest holding. Bard Financial Services Inc. owned 0.55% of Tri-Continental worth $9,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TY. First Merchants Corp bought a new position in shares of Tri-Continental during the 2nd quarter valued at about $855,000. Cornerstone Advisors LLC grew its position in Tri-Continental by 18.1% in the second quarter. Cornerstone Advisors LLC now owns 167,382 shares of the investment management company's stock worth $5,184,000 after buying an additional 25,646 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Tri-Continental by 36.6% in the second quarter. Shaker Financial Services LLC now owns 94,909 shares of the investment management company's stock valued at $2,939,000 after buying an additional 25,434 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Tri-Continental by 85.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 53,133 shares of the investment management company's stock valued at $1,646,000 after acquiring an additional 24,427 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Tri-Continental during the 2nd quarter worth $1,771,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Tri-Continental Stock Up 0.6 %

Shares of Tri-Continental stock traded up $0.20 on Friday, reaching $33.05. 26,812 shares of the company were exchanged, compared to its average volume of 38,833. Tri-Continental Co. has a fifty-two week low of $25.16 and a fifty-two week high of $33.20. The stock has a fifty day moving average price of $31.92 and a 200-day moving average price of $31.05.

Tri-Continental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a dividend of $0.291 per share. This represents a $1.16 annualized dividend and a yield of 3.52%. The ex-dividend date was Friday, September 13th. This is an increase from Tri-Continental's previous quarterly dividend of $0.29.

About Tri-Continental

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.