Shares of Tri-Continental Co. (NYSE:TY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.73 and traded as low as $30.97. Tri-Continental shares last traded at $31.15, with a volume of 45,287 shares trading hands.
Tri-Continental Price Performance
The stock has a 50 day simple moving average of $29.84 and a two-hundred day simple moving average of $31.70.
Tri-Continental Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 18th were paid a $0.2766 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.11 dividend on an annualized basis and a yield of 3.52%.
Insider Buying and Selling at Tri-Continental
In other news, Director Pamela G. Carlton sold 1,815 shares of Tri-Continental stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $31.23, for a total transaction of $56,682.45. Following the completion of the transaction, the director now directly owns 101 shares in the company, valued at approximately $3,154.23. The trade was a 94.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.66% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Tri-Continental by 218.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,160 shares of the investment management company's stock worth $435,000 after acquiring an additional 9,027 shares during the period. Allworth Financial LP boosted its stake in shares of Tri-Continental by 3.1% during the 4th quarter. Allworth Financial LP now owns 15,585 shares of the investment management company's stock worth $509,000 after acquiring an additional 472 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Tri-Continental by 4.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 58,389 shares of the investment management company's stock worth $1,850,000 after acquiring an additional 2,369 shares during the period. MSH Capital Advisors LLC bought a new position in shares of Tri-Continental during the 4th quarter worth approximately $348,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of Tri-Continental by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 68,080 shares of the investment management company's stock worth $2,222,000 after acquiring an additional 5,076 shares during the period. 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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