Allspring Global Investments Holdings LLC Purchases 15,350 Shares of Tri-Continental Co. (NYSE:TY)

Allspring Global Investments Holdings LLC lifted its holdings in Tri-Continental Co. (NYSE:TY - Free Report) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 441,730 shares of the investment management company's stock after purchasing an additional 15,350 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.82% of Tri-Continental worth $14,595,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TY. Northwestern Mutual Wealth Management Co. raised its position in Tri-Continental by 19.3% during 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 purchasing an additional 579 shares during the period. Johnson Investment Counsel Inc. raised its holdings in Tri-Continental by 3.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,815 shares of the investment management company's stock valued at $521,000 after buying an additional 586 shares during the period. Concurrent Investment Advisors LLC lifted its position in Tri-Continental by 2.6% in the first quarter. Concurrent Investment Advisors LLC now owns 24,469 shares of the investment management company's stock worth $754,000 after buying an additional 620 shares during the last quarter. Whitener Capital Management Inc. boosted its stake in Tri-Continental by 2.7% during the second quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company's stock worth $1,132,000 after buying an additional 965 shares during the period. Finally, 1620 Investment Advisors Inc. increased its position in Tri-Continental by 1.3% during the second quarter. 1620 Investment Advisors Inc. now owns 89,870 shares of the investment management company's stock valued at $2,783,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors own 10.22% of the company's stock.

Tri-Continental Stock Down 0.1 %

NYSE TY traded down $0.04 during trading on Friday, hitting $33.10. The stock had a trading volume of 48,192 shares, compared to its average volume of 38,068. Tri-Continental Co. has a one year low of $25.16 and a one year high of $33.66. The stock has a 50 day simple moving average of $32.58 and a 200 day simple moving average of $31.34.

Tri-Continental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were paid a $0.291 dividend. This is a positive change from Tri-Continental's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%.

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.