US Bancorp DE Grows Stock Holdings in Tri-Continental Co. (NYSE:TY)

US Bancorp DE grew its position in Tri-Continental Co. (NYSE:TY) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,648 shares of the investment management company’s stock after buying an additional 796 shares during the quarter. US Bancorp DE’s holdings in Tri-Continental were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new position in Tri-Continental in the 2nd quarter valued at about $84,000. Motco acquired a new position in shares of Tri-Continental in the first quarter valued at approximately $108,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Tri-Continental by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 579 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Tri-Continental during the 1st quarter worth approximately $324,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Tri-Continental during the 2nd quarter worth approximately $327,000. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Price Performance

Shares of TY stock opened at $33.51 on Friday. The firm has a 50 day moving average of $32.98 and a two-hundred day moving average of $31.70. Tri-Continental Co. has a 52 week low of $27.01 and a 52 week high of $34.30.

Tri-Continental Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were issued a $0.291 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from Tri-Continental’s previous quarterly dividend of $0.29. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%.

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.