Hennion & Walsh Asset Management Inc. cut its stake in Tri-Continental Co. (NYSE:TY - Free Report) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,603 shares of the investment management company's stock after selling 26,215 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.18% of Tri-Continental worth $3,093,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in shares of Tri-Continental by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company's stock valued at $2,689,000 after acquiring an additional 360 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Tri-Continental by 19.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company's stock worth $111,000 after buying an additional 579 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Tri-Continental by 1.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,004 shares of the investment management company's stock worth $2,135,000 after buying an additional 720 shares during the last quarter. US Bancorp DE grew its stake in Tri-Continental by 16.4% during the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company's stock worth $187,000 after buying an additional 796 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Tri-Continental by 4.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 30,659 shares of the investment management company's stock worth $1,013,000 after buying an additional 1,321 shares during the last quarter. 10.22% of the stock is currently owned by hedge funds and other institutional investors.
Tri-Continental Stock Up 1.0 %
TY stock traded up $0.31 on Friday, hitting $32.35. 36,910 shares of the company's stock were exchanged, compared to its average volume of 54,101. Tri-Continental Co. has a 12-month low of $28.39 and a 12-month high of $34.82. The firm has a 50 day moving average price of $32.87 and a two-hundred day moving average price of $32.39.
Tri-Continental Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were paid a dividend of $0.285 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 3.3%.
Tri-Continental Company 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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