Tri-Continental Co. (NYSE:TY) Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Tri-Continental Co. (NYSE:TY) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,128 shares of the investment management company’s stock after acquiring an additional 4,208 shares during the period. Thrivent Financial for Lutherans’ holdings in Tri-Continental were worth $1,855,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Cetera Advisors LLC boosted its stake in Tri-Continental by 105.3% in the 1st quarter. Cetera Advisors LLC now owns 16,868 shares of the investment management company’s stock worth $520,000 after purchasing an additional 8,653 shares during the period. BancFirst Trust & Investment Management acquired a new stake in shares of Tri-Continental in the second quarter worth $341,000. Atwood & Palmer Inc. acquired a new stake in shares of Tri-Continental in the second quarter worth $84,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tri-Continental by 1.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 115,813 shares of the investment management company’s stock valued at $3,587,000 after buying an additional 1,775 shares in the last quarter. Finally, Whitener Capital Management Inc. raised its position in Tri-Continental by 2.7% during the second quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company’s stock valued at $1,132,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Stock Performance

Shares of NYSE TY opened at $34.18 on Friday. Tri-Continental Co. has a one year low of $27.24 and a one year high of $34.58. The business has a 50-day moving average price of $33.30 and a two-hundred day moving average price of $31.95.

Tri-Continental Cuts Dividend

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

Tri-Continental Company 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.