Tri-Continental Co. (NYSE:TY) is Bard Financial Services Inc.'s 9th Largest Position

Bard Financial Services Inc. lowered its stake in Tri-Continental Co. (NYSE:TY - Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 443,834 shares of the investment management company's stock after selling 21,550 shares during the period. Tri-Continental accounts for 1.7% of Bard Financial Services Inc.'s holdings, making the stock its 9th biggest position. Bard Financial Services Inc. owned 0.82% of Tri-Continental worth $13,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TY. Savant Capital LLC increased its holdings in Tri-Continental by 1.7% in the 4th quarter. Savant Capital LLC now owns 18,950 shares of the investment management company's stock worth $601,000 after buying an additional 318 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Tri-Continental by 3.5% in the 4th quarter. Ameriprise Financial Inc. now owns 11,849 shares of the investment management company's stock valued at $375,000 after acquiring an additional 402 shares during the last quarter. Allworth Financial LP increased its stake in shares of Tri-Continental by 3.1% in the fourth quarter. Allworth Financial LP now owns 15,585 shares of the investment management company's stock worth $509,000 after acquiring an additional 472 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Tri-Continental by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,876 shares of the investment management company's stock worth $345,000 after acquiring an additional 507 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Tri-Continental by 4.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 12,097 shares of the investment management company's stock worth $383,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company's stock.

Tri-Continental Trading Down 0.0%

NYSE TY traded down $0.01 on Thursday, reaching $31.79. 12,349 shares of the company's stock traded hands, compared to its average volume of 44,596. Tri-Continental Co. has a fifty-two week low of $26.54 and a fifty-two week high of $34.82. The stock has a 50 day moving average price of $30.11 and a 200-day moving average price of $31.43.

Tri-Continental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Monday, June 16th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Tri-Continental's previous quarterly dividend of $0.28.

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.