Tri-Continental Co. (NYSE:TY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.25 and traded as low as $28.21. Tri-Continental shares last traded at $28.77, with a volume of 68,063 shares traded.
Tri-Continental Stock Performance
The business's 50-day simple moving average is $30.67 and its 200-day simple moving average is $32.13.
Tri-Continental Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 18th were issued a dividend of $0.2766 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.11 annualized dividend and a dividend yield of 3.88%.
Insider Buying and Selling at Tri-Continental
In related news, Director Pamela G. Carlton sold 1,815 shares of Tri-Continental stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $31.23, for a total transaction of $56,682.45. Following the completion of the transaction, the director now directly owns 101 shares in the company, valued at approximately $3,154.23. This trade represents a 94.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.66% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Tri-Continental
Several hedge funds have recently bought and sold shares of TY. CoreFirst Bank & Trust acquired a new position in shares of Tri-Continental in the 4th quarter valued at $35,000. Anchor Investment Management LLC purchased a new position in Tri-Continental in the fourth quarter valued at $63,000. Comerica Bank raised its position in shares of Tri-Continental by 103.9% in the fourth quarter. Comerica Bank now owns 2,551 shares of the investment management company's stock worth $81,000 after acquiring an additional 1,300 shares during the period. Transce3nd LLC purchased a new stake in shares of Tri-Continental during the 4th quarter worth about $96,000. Finally, Bfsg LLC acquired a new stake in shares of Tri-Continental during the 1st quarter valued at about $104,000. 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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