Concurrent Investment Advisors LLC cut its stake in Tri Continental Corporation (NYSE:TY - Free Report) by 41.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,764 shares of the investment management company's stock after selling 25,107 shares during the period. Concurrent Investment Advisors LLC owned 0.06% of Tri Continental worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in shares of Tri Continental during the 4th quarter valued at approximately $35,000. Anchor Investment Management LLC purchased a new position in shares of Tri Continental during the 4th quarter valued at approximately $63,000. Comerica Bank increased its holdings in shares of Tri Continental by 103.9% during the 4th quarter. Comerica Bank now owns 2,551 shares of the investment management company's stock valued at $81,000 after purchasing an additional 1,300 shares in the last quarter. Transce3nd LLC purchased a new position in shares of Tri Continental during the 4th quarter valued at approximately $96,000. Finally, Bfsg LLC purchased a new position in shares of Tri Continental during the 1st quarter valued at approximately $104,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.
Tri Continental Price Performance
Shares of NYSE:TY traded up $0.04 during trading on Friday, hitting $31.97. 24,620 shares of the stock traded hands, compared to its average volume of 45,381. The company has a fifty day moving average price of $31.24 and a two-hundred day moving average price of $31.13. Tri Continental Corporation has a 52-week low of $26.54 and a 52-week high of $34.82.
Tri Continental Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Monday, June 16th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Tri Continental's previous quarterly dividend of $0.28.
About Tri Continental
(
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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