Tri-Continental Co. (NYSE:TY) Stock Holdings Boosted by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its position in Tri-Continental Co. (NYSE:TY - Free Report) by 74.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,081 shares of the investment management company's stock after buying an additional 36,329 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.16% of Tri-Continental worth $2,811,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in Tri-Continental in the 2nd quarter valued at about $84,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Tri-Continental by 19.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company's stock worth $111,000 after purchasing an additional 579 shares in the last quarter. US Bancorp DE lifted its stake in Tri-Continental by 16.4% during the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company's stock valued at $187,000 after purchasing an additional 796 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Tri-Continental during the second quarter worth approximately $327,000. Finally, BancFirst Trust & Investment Management bought a new position in shares of Tri-Continental in the second quarter valued at $341,000. Institutional investors and hedge funds own 10.22% of the company's stock.

Tri-Continental Stock Performance

Shares of NYSE:TY opened at $33.61 on Thursday. The stock has a fifty day moving average of $33.12 and a 200-day moving average of $31.82. Tri-Continental Co. has a one year low of $27.13 and a one year high of $34.30.

Tri-Continental Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.285 per share. This represents a dividend yield of 3.3%. The ex-dividend date is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.