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

JPMorgan Chase & Co. lifted its stake in shares of Tri-Continental Co. (NYSE:TY) by 218.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,160 shares of the investment management company’s stock after acquiring 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC grew its holdings in Tri-Continental by 1.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,004 shares of the investment management company’s stock worth $2,135,000 after acquiring an additional 720 shares in the last quarter. RB Capital Management LLC boosted its stake in shares of Tri-Continental by 2.5% during the third quarter. RB Capital Management LLC now owns 58,925 shares of the investment management company’s stock valued at $1,947,000 after purchasing an additional 1,419 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Tri-Continental during the third quarter valued at approximately $3,411,000. Kovitz Investment Group Partners LLC purchased a new position in Tri-Continental during the third quarter valued at approximately $7,366,000. Finally, Walleye Capital LLC bought a new position in Tri-Continental in the third quarter worth approximately $269,000. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Down 0.0 %

Shares of NYSE TY 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 stock’s fifty day simple moving average is $32.70 and its two-hundred day simple moving average is $32.48.

Tri-Continental Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were given a dividend of $0.285 per share. This represents a yield of 3.3%. The ex-dividend date was 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.