Beckerman Institutional LLC Purchases 708 Shares of Tri-Continental Co. (NYSE:TY)

Beckerman Institutional LLC lifted its position in shares of Tri-Continental Co. (NYSE:TY) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,632 shares of the investment management company’s stock after purchasing an additional 708 shares during the quarter. Tri-Continental accounts for 1.1% of Beckerman Institutional LLC’s portfolio, making the stock its 29th largest position. Beckerman Institutional LLC’s holdings in Tri-Continental were worth $1,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE lifted its position in Tri-Continental by 16.4% in the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock valued at $187,000 after acquiring an additional 796 shares in the last quarter. Mezzasalma Advisors LLC bought a new stake in Tri-Continental in the 4th quarter valued at $206,000. Walleye Capital LLC bought a new stake in Tri-Continental in the 3rd quarter valued at $269,000. Crews Bank & Trust bought a new stake in Tri-Continental in the 4th quarter valued at $270,000. Finally, JSF Financial LLC bought a new stake in Tri-Continental in the 4th quarter valued at $310,000. 10.22% of the stock is owned by institutional investors.

Tri-Continental Stock Down 0.4 %

TY opened at $32.39 on Thursday. Tri-Continental Co. has a 12 month low of $29.01 and a 12 month high of $34.82. The firm’s fifty day simple moving average is $32.34 and its 200 day simple moving average is $32.56.

Tri-Continental Cuts Dividend

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

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.