Wealth Enhancement Advisory Services LLC Acquires 1,343 Shares of Tri-Continental Co. (NYSE:TY)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tri-Continental Co. (NYSE:TY) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,471 shares of the investment management company’s stock after purchasing an additional 1,343 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.23% of Tri-Continental worth $4,179,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of 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 worth $14,595,000 after acquiring an additional 15,350 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Tri-Continental by 3,203.9% in the 3rd 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. Kovitz Investment Group Partners LLC bought a new stake in shares of Tri-Continental in the third quarter valued at about $7,366,000. Cornerstone Advisors LLC boosted its position in shares of Tri-Continental by 18.1% during the second quarter. Cornerstone Advisors LLC now owns 167,382 shares of the investment management company’s stock worth $5,184,000 after buying an additional 25,646 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of Tri-Continental by 69.7% during 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 in the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Tri-Continental Stock Performance

NYSE TY opened at $31.36 on Tuesday. Tri-Continental Co. has a 52 week low of $28.35 and a 52 week high of $34.82. The stock’s 50 day moving average price is $32.98 and its two-hundred day moving average price is $32.39.

Tri-Continental Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 13th were given a $0.285 dividend. This represents a dividend 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.