International Assets Investment Management LLC grew its stake in Tri-Continental Co. (NYSE:TY - Free Report) by 2,793.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 200,793 shares of the investment management company's stock after purchasing an additional 193,854 shares during the quarter. International Assets Investment Management LLC owned about 0.37% of Tri-Continental worth $5,789,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA bought a new stake in shares of Tri-Continental in the 1st quarter valued at $25,000. Tyler Stone Wealth Management bought a new stake in shares of Tri-Continental in the 2nd quarter valued at $45,000. Comerica Bank bought a new stake in shares of Tri-Continental in the 3rd quarter valued at $66,000. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $87,000 after buying an additional 531 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position 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 valued at $124,000 after buying an additional 3,313 shares in the last quarter. Institutional investors and hedge funds own 10.22% of the company's stock.
Tri-Continental Price Performance
Shares of TY traded up $0.03 during trading hours on Tuesday, reaching $29.50. The stock had a trading volume of 31,485 shares, compared to its average volume of 41,099. Tri-Continental Co. has a 52 week low of $25.16 and a 52 week high of $30.95. The firm has a 50-day moving average of $29.92 and a 200 day moving average of $28.46.
Tri-Continental Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 11th were issued a dividend of $0.256 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, March 8th.
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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