Kovitz Investment Group Partners LLC Decreases Position in Tri Continental Corporation $TY

Key Points

• Kovitz Investment Group Partners LLC has reduced its stake in Tri Continental Corporation by **3.8%**, selling **8,096 shares** and now holds **205,747 shares** valued at **$6.31 million**.
• Tri Continental recently increased its quarterly dividend to **$0.29**, up from **$0.28**, resulting in an annualized dividend of **$1.16** and a yield of **3.5%**.
• Various institutional investors, including Wolverine Asset Management and LPL Financial, have adjusted their stakes in Tri Continental, reflecting active trading among significant stakeholders in the firm.

Kovitz Investment Group Partners LLC lessened its position in shares of Tri Continental Corporation (NYSE:TY - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 205,747 shares of the investment management company's stock after selling 8,096 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.40% of Tri Continental worth $6,310,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of Tri Continental during the 1st quarter worth about $48,000. Comerica Bank raised its holdings in Tri Continental by 103.9% in the 4th quarter. Comerica Bank now owns 2,551 shares of the investment management company's stock worth $81,000 after purchasing an additional 1,300 shares during the period. Transce3nd LLC purchased a new position in Tri Continental during the fourth quarter worth approximately $96,000. Bfsg LLC acquired a new stake in Tri Continental in the first quarter valued at approximately $104,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Tri Continental in the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 10.22% of the company's stock.

Tri Continental Trading Down 0.4%

Shares of TY stock traded down $0.14 during trading hours on Thursday, hitting $32.99. 28,699 shares of the company's stock were exchanged, compared to its average volume of 49,147. Tri Continental Corporation has a fifty-two week low of $26.54 and a fifty-two week high of $34.82. The firm has a 50 day moving average of $32.10 and a two-hundred day moving average of $31.24.

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.