Tri-Continental Co. (NYSE:TY) Shares Sold by Successful Portfolios LLC

Successful Portfolios LLC reduced its position in Tri-Continental Co. (NYSE:TY) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,268 shares of the investment management company’s stock after selling 364 shares during the quarter. Successful Portfolios LLC’s holdings in Tri-Continental were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TY. Mariner LLC acquired a new position in shares of Tri-Continental in the 3rd quarter valued at $1,938,000. AQR Arbitrage LLC grew its position in Tri-Continental by 113.6% in the 3rd quarter. AQR Arbitrage LLC now owns 54,558 shares of the investment management company’s stock valued at $1,451,000 after acquiring an additional 29,018 shares in the last quarter. Stolper Co increased its stake in Tri-Continental by 1.9% during the fourth quarter. Stolper Co now owns 52,772 shares of the investment management company’s stock worth $1,521,000 after purchasing an additional 971 shares during the period. International Assets Investment Management LLC lifted its position in shares of Tri-Continental by 2,793.7% during the fourth quarter. International Assets Investment Management LLC now owns 200,793 shares of the investment management company’s stock worth $5,789,000 after purchasing an additional 193,854 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Tri-Continental by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 567,088 shares of the investment management company’s stock valued at $16,349,000 after purchasing an additional 121,196 shares during the period. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Trading Up 0.5 %

Tri-Continental stock opened at $30.97 on Monday. The company’s 50 day moving average is $30.47 and its two-hundred day moving average is $29.78. Tri-Continental Co. has a 52-week low of $25.16 and a 52-week high of $31.28.

Tri-Continental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were paid a $0.29 dividend. This is a boost from Tri-Continental’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, June 10th.

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.