Wealth Enhancement Advisory Services LLC Reduces Position in Tri-Continental Co. (NYSE:TY)

Wealth Enhancement Advisory Services LLC reduced its position in Tri-Continental Co. (NYSE:TY) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,038 shares of the investment management company’s stock after selling 4,964 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.21% of Tri-Continental worth $3,512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TY. Stolper Co grew its holdings in shares of Tri-Continental by 0.7% in the first quarter. Stolper Co now owns 53,152 shares of the investment management company’s stock worth $1,637,000 after purchasing an additional 380 shares during the last quarter. Private Advisor Group LLC grew its stake in Tri-Continental by 14.1% in the 4th quarter. Private Advisor Group LLC now owns 10,307 shares of the investment management company’s stock worth $297,000 after acquiring an additional 1,275 shares in the last quarter. 1620 Investment Advisors Inc. grew its stake in Tri-Continental by 1.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 87,228 shares of the investment management company’s stock worth $2,515,000 after acquiring an additional 1,302 shares in the last quarter. Savant Capital LLC increased its position in shares of Tri-Continental by 26.3% during the fourth quarter. Savant Capital LLC now owns 21,378 shares of the investment management company’s stock worth $616,000 after acquiring an additional 4,458 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in shares of Tri-Continental by 38.6% during the fourth quarter. Koshinski Asset Management Inc. now owns 19,177 shares of the investment management company’s stock valued at $553,000 after acquiring an additional 5,337 shares in the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

Tri-Continental Price Performance

Shares of NYSE:TY opened at $30.95 on Wednesday. The business’s 50 day moving average is $30.52 and its 200 day moving average is $29.82. Tri-Continental Co. has a 52-week low of $25.16 and a 52-week high of $31.28.

Tri-Continental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were given a dividend of $0.29 per share. This is an increase from Tri-Continental’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, June 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.75%.

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.