Joel Isaacson & Co. LLC Invests $567,000 in Tri Continental Corporation (NYSE:TY)

Joel Isaacson & Co. LLC purchased a new stake in Tri Continental Corporation (NYSE:TY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,481 shares of the investment management company's stock, valued at approximately $567,000.

Several other large investors have also made changes to their positions in the company. CoreFirst Bank & Trust acquired a new position in Tri Continental during the fourth quarter worth $35,000. Anchor Investment Management LLC bought a new stake in shares of Tri Continental during the 4th quarter worth about $63,000. Comerica Bank boosted its stake 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 worth $81,000 after acquiring an additional 1,300 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Tri Continental during the 4th quarter valued at about $96,000. Finally, Bfsg LLC bought a new position in shares of Tri Continental in the 1st quarter valued at approximately $104,000. Institutional investors own 10.22% of the company's stock.

Tri Continental Stock Performance

TY opened at $31.35 on Monday. The business has a 50 day moving average price of $30.73 and a 200 day moving average price of $31.11. Tri Continental Corporation has a twelve month low of $26.54 and a twelve month high of $34.82.

Tri Continental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Monday, June 16th were given a $0.29 dividend. This is a positive change from Tri Continental's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.70%.

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.

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