JPMorgan Chase & Co. Buys 9,027 Shares of Tri-Continental Co. (NYSE:TY)

JPMorgan Chase & Co. lifted its position in Tri-Continental Co. (NYSE:TY) by 218.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,160 shares of the investment management company’s stock after purchasing an additional 9,027 shares during the quarter. JPMorgan Chase & Co.’s holdings in Tri-Continental were worth $435,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Tri-Continental by 3,203.9% during the third quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company’s stock valued at $7,031,000 after purchasing an additional 225,264 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Tri-Continental by 19.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after buying an additional 579 shares during the period. Shaker Financial Services LLC lifted its position in Tri-Continental by 69.7% in the third quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after buying an additional 66,148 shares during the last quarter. Creative Planning boosted its stake in Tri-Continental by 74.8% during the third quarter. Creative Planning now owns 25,860 shares of the investment management company’s stock worth $854,000 after buying an additional 11,067 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Tri-Continental by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after acquiring an additional 15,350 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 $32.61 on Wednesday. Tri-Continental Co. has a 12-month low of $28.84 and a 12-month high of $34.82. The firm has a 50-day moving average price of $32.70 and a 200-day moving average price of $32.48.

Tri-Continental Cuts Dividend

The firm also recently announced a — dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 13th were given a dividend of $0.285 per share. The ex-dividend date was 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.