Janney Montgomery Scott LLC Grows Stock Position in Tri-Continental Co. (NYSE:TY)

Janney Montgomery Scott LLC grew its stake in shares of Tri-Continental Co. (NYSE:TY) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,876 shares of the investment management company’s stock after acquiring an additional 507 shares during the period. Janney Montgomery Scott LLC’s holdings in Tri-Continental were worth $345,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Tri-Continental by 3.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after purchasing an additional 15,350 shares during the last quarter. International Assets Investment Management LLC raised its holdings in 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 acquiring an additional 225,264 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Tri-Continental in the 3rd quarter worth approximately $7,366,000. Shaker Financial Services LLC boosted its holdings in shares of Tri-Continental by 69.7% during the 3rd quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after purchasing an additional 66,148 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Tri-Continental by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 126,471 shares of the investment management company’s stock valued at $4,179,000 after purchasing an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Trading Down 0.3 %

NYSE TY opened at $32.46 on Tuesday. Tri-Continental Co. has a 52 week low of $29.01 and a 52 week high of $34.82. The business’s fifty day simple moving average is $32.43 and its 200-day simple moving average is $32.56.

Tri-Continental Cuts Dividend

The firm 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 dividend yield of 3.3%. The ex-dividend date was 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.