Walleye Capital LLC Makes New Investment in Tri-Continental Co. (NYSE:TY)

Walleye Capital LLC purchased a new position in shares of Tri-Continental Co. (NYSE:TY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,136 shares of the investment management company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Tri-Continental by 19.3% during 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 acquiring an additional 579 shares during the period. US Bancorp DE lifted its holdings in shares of Tri-Continental by 16.4% during the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock valued at $187,000 after acquiring an additional 796 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Tri-Continental during the second quarter valued at $327,000. Cetera Advisors LLC lifted its holdings in shares of Tri-Continental by 105.3% during the first quarter. Cetera Advisors LLC now owns 16,868 shares of the investment management company’s stock valued at $520,000 after acquiring an additional 8,653 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Tri-Continental by 3.6% during the second quarter. Johnson Investment Counsel Inc. now owns 16,815 shares of the investment management company’s stock valued at $521,000 after acquiring an additional 586 shares during the period. 10.22% of the stock is owned by institutional investors.

Tri-Continental Stock Down 0.6 %

Tri-Continental stock opened at $34.18 on Wednesday. The stock has a 50-day simple moving average of $33.60 and a 200 day simple moving average of $32.20. Tri-Continental Co. has a 12-month low of $27.41 and a 12-month high of $34.82.

Tri-Continental Cuts Dividend

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

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.