Thrivent Financial for Lutherans Raises Stake in Tri-Continental Co. (NYSE:TY)

Thrivent Financial for Lutherans grew its holdings in Tri-Continental Co. (NYSE:TY) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,128 shares of the investment management company’s stock after purchasing an additional 4,208 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.10% of Tri-Continental worth $1,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its position in shares of Tri-Continental by 105.3% in the first quarter. Cetera Advisors LLC now owns 16,868 shares of the investment management company’s stock worth $520,000 after acquiring an additional 8,653 shares in the last quarter. BancFirst Trust & Investment Management bought a new stake in shares of Tri-Continental in the 2nd quarter valued at approximately $341,000. Atwood & Palmer Inc. bought a new position in Tri-Continental in the second quarter worth about $84,000. Wealth Enhancement Advisory Services LLC boosted its position in Tri-Continental by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 115,813 shares of the investment management company’s stock valued at $3,587,000 after purchasing an additional 1,775 shares during the period. Finally, Whitener Capital Management Inc. lifted its position in Tri-Continental by 2.7% in the 2nd quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 965 shares during the last quarter. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

Tri-Continental Stock Performance

Tri-Continental stock opened at $34.18 on Friday. The firm has a 50 day simple moving average of $33.30 and a 200-day simple moving average of $31.95. Tri-Continental Co. has a 12-month low of $27.24 and a 12-month high of $34.58.

Tri-Continental Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 13th will be issued a dividend of $0.285 per share. This represents a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 13th.

Tri-Continental Profile

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.