Tri-Continental Co. (NYSE:TY - Get Free Report) shares saw strong trading volume on Friday . 43,816 shares were traded during trading, an increase of 9% from the previous session's volume of 40,061 shares.The stock last traded at $30.03 and had previously closed at $29.65.
Tri-Continental Trading Up 0.9 %
The stock's 50-day simple moving average is $29.97 and its 200-day simple moving average is $28.68.
Tri-Continental Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 11th were paid a dividend of $0.256 per share. This represents a $1.02 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, March 8th.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Stolper Co raised its stake in shares of Tri-Continental by 0.7% during the first quarter. Stolper Co now owns 53,152 shares of the investment management company's stock valued at $1,637,000 after acquiring an additional 380 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Tri-Continental by 0.4% in the third quarter. Commonwealth Equity Services LLC now owns 109,607 shares of the investment management company's stock valued at $2,914,000 after buying an additional 479 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Tri-Continental by 1.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 53,405 shares of the investment management company's stock worth $1,420,000 after acquiring an additional 579 shares during the last quarter. Whitener Capital Management Inc. lifted its stake in shares of Tri-Continental by 2.0% in the third quarter. Whitener Capital Management Inc. now owns 36,289 shares of the investment management company's stock worth $965,000 after acquiring an additional 713 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Tri-Continental by 7.2% in the third quarter. Janney Montgomery Scott LLC now owns 18,298 shares of the investment management company's stock valued at $487,000 after acquiring an additional 1,230 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors.
About Tri-Continental
(
Get 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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