Tri-Continental Co. (NYSE:TY) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its position in Tri-Continental Co. (NYSE:TY) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,713 shares of the investment management company’s stock after selling 3,750 shares during the period. Tri-Continental comprises about 1.6% of Uncommon Cents Investing LLC’s portfolio, making the stock its 11th biggest holding. Uncommon Cents Investing LLC owned about 0.31% of Tri-Continental worth $4,864,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new position in shares of Tri-Continental in the 1st quarter valued at $25,000. Tyler Stone Wealth Management acquired a new position in shares of Tri-Continental in the 2nd quarter valued at $45,000. Comerica Bank acquired a new position in shares of Tri-Continental in the 3rd quarter valued at $66,000. Northwestern Mutual Wealth Management Co. raised its position in Tri-Continental by 18.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,411 shares of the investment management company’s stock worth $87,000 after acquiring an additional 531 shares during the period. Finally, Bessemer Group Inc. acquired a new position in Tri-Continental during the second quarter worth $102,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Tri-Continental Stock Performance

NYSE:TY opened at $30.78 on Friday. The company has a fifty day moving average of $29.60 and a two-hundred day moving average of $28.14. Tri-Continental Co. has a fifty-two week low of $25.16 and a fifty-two week high of $30.95.

Tri-Continental Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 11th were given a dividend of $0.256 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Friday, March 8th.

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.