Tri Continental Corporation $TY Shares Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Tri Continental Corporation by 12.7% during the second quarter, owning approximately 311,551 shares valued at $9.86 million.
• Several institutional investors, including Ameritas Advisory Services LLC and Oppenheimer & Co. Inc., have recently acquired new positions or increased their holdings in Tri Continental Corporation, reflecting strong interest from the institutional investment community.
• Tri Continental Corporation declared a quarterly dividend of $0.2654 per share, resulting in an annualized dividend yield of 3.1%, with the dividend paid on September 24th.

Allspring Global Investments Holdings LLC boosted its holdings in Tri Continental Corporation (NYSE:TY - Free Report) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 311,551 shares of the investment management company's stock after acquiring an additional 35,000 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.60% of Tri Continental worth $9,864,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in shares of Tri Continental during the 2nd quarter worth $39,000. Costello Asset Management INC acquired a new position in Tri Continental during the first quarter worth about $48,000. Jones Financial Companies Lllp increased its holdings in Tri Continental by 49.7% in the first quarter. Jones Financial Companies Lllp now owns 2,643 shares of the investment management company's stock valued at $83,000 after buying an additional 877 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Tri Continental by 26.4% in the first quarter. Oppenheimer & Co. Inc. now owns 9,788 shares of the investment management company's stock valued at $300,000 after buying an additional 2,043 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Tri Continental by 5.5% during the 1st quarter. Allworth Financial LP now owns 16,448 shares of the investment management company's stock valued at $481,000 after acquiring an additional 863 shares during the period. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

Tri Continental Stock Performance

TY opened at $33.84 on Friday. The stock's 50 day simple moving average is $33.68 and its 200 day simple moving average is $31.86. Tri Continental Corporation has a 1-year low of $26.54 and a 1-year high of $34.82.

Tri Continental Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 16th were given a $0.2654 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.1%.

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.

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