Tri-Continental Co. (NYSE:TY - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.39 and traded as low as $30.97. Tri-Continental shares last traded at $31.36, with a volume of 60,292 shares.
Tri-Continental Trading Up 0.4 %
The company has a fifty day moving average price of $32.98 and a 200 day moving average price of $32.39.
Tri-Continental Cuts Dividend
The company also recently declared a -- dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.285 per share. This represents a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.
Institutional Investors Weigh In On Tri-Continental
A number of institutional investors have recently made changes to their positions in TY. International Assets Investment Management LLC grew its position in Tri-Continental by 3,203.9% during the 3rd quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company's stock worth $7,031,000 after acquiring an additional 225,264 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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. Shaker Financial Services LLC grew its holdings in shares of Tri-Continental by 69.7% in the third quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company's stock worth $5,321,000 after purchasing an additional 66,148 shares during the last quarter. Creative Planning increased its stake in shares of Tri-Continental by 74.8% in the third quarter. Creative Planning now owns 25,860 shares of the investment management company's stock worth $854,000 after buying an additional 11,067 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Tri-Continental by 3.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company's stock valued at $14,595,000 after buying an additional 15,350 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company's stock.
Tri-Continental Company Profile
(
Get 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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