Allspring Global Investments Holdings LLC increased its position in Tri-Continental Co. (NYSE:TY - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,088 shares of the investment management company's stock after buying an additional 121,196 shares during the period. Allspring Global Investments Holdings LLC owned 1.05% of Tri-Continental worth $16,349,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new position in Tri-Continental during the 1st quarter valued at about $25,000. Tyler Stone Wealth Management purchased a new position in shares of Tri-Continental in the 2nd quarter worth approximately $45,000. Comerica Bank purchased a new position in shares of Tri-Continental in the 3rd quarter worth approximately $66,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Tri-Continental by 18.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,411 shares of the investment management company's stock worth $87,000 after buying an additional 531 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Tri-Continental by 243.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,673 shares of the investment management company's stock worth $124,000 after buying an additional 3,313 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.
Tri-Continental Price Performance
Shares of NYSE TY traded down $0.18 during midday trading on Monday, reaching $29.50. The company's stock had a trading volume of 32,594 shares, compared to its average volume of 41,232. Tri-Continental Co. has a 12-month low of $25.16 and a 12-month high of $30.95. The firm has a 50 day moving average price of $29.91 and a 200-day moving average price of $28.44.
Tri-Continental Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 11th were paid a $0.256 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.47%.
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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