Tri-Continental Co. (NYSE:TY) Shares Bought by Stolper Co

Stolper Co boosted its holdings in shares of Tri-Continental Co. (NYSE:TY) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,019 shares of the investment management company’s stock after purchasing an additional 1,965 shares during the period. Stolper Co’s holdings in Tri-Continental were worth $1,744,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TY. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Tri-Continental in the 2nd quarter valued at approximately $327,000. Northwestern Mutual Wealth Management Co. grew 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 in the last quarter. Sanctuary Advisors LLC acquired a new position in Tri-Continental in the 2nd quarter valued at approximately $1,852,000. Creative Planning lifted its position in Tri-Continental by 74.8% in the 3rd 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Tri-Continental by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock worth $14,595,000 after acquiring an additional 15,350 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors.

Tri-Continental Stock Performance

Shares of Tri-Continental stock opened at $31.90 on Thursday. Tri-Continental Co. has a 1-year low of $28.35 and a 1-year high of $34.82. The firm has a fifty day simple moving average of $32.95 and a 200-day simple moving average of $32.40.

Tri-Continental Cuts Dividend

The business also recently declared a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were paid a $0.285 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.

About Tri-Continental

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.