Tri-Continental Co. (NYSE:TY) is Bard Financial Services Inc.’s 7th Largest Position

Bard Financial Services Inc. trimmed its holdings in Tri-Continental Co. (NYSE:TY) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 465,384 shares of the investment management company’s stock after selling 22,029 shares during the period. Tri-Continental accounts for about 1.8% of Bard Financial Services Inc.’s investment portfolio, making the stock its 7th largest position. Bard Financial Services Inc. owned about 0.86% of Tri-Continental worth $14,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Savant Capital LLC raised its stake in Tri-Continental by 12.5% in the 2nd quarter. Savant Capital LLC now owns 19,030 shares of the investment management company’s stock valued at $589,000 after purchasing an additional 2,110 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Tri-Continental by 3.6% during the second quarter. Johnson Investment Counsel Inc. now owns 16,815 shares of the investment management company’s stock worth $521,000 after purchasing an additional 586 shares during the last quarter. Cornerstone Advisors LLC grew its position in shares of Tri-Continental by 18.1% in the second quarter. Cornerstone Advisors LLC now owns 167,382 shares of the investment management company’s stock valued at $5,184,000 after purchasing an additional 25,646 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Tri-Continental during the second quarter worth about $327,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Tri-Continental by 19.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock worth $111,000 after buying an additional 579 shares during the last quarter. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

Tri-Continental Trading Up 1.1 %

Shares of TY stock traded up $0.35 during trading hours on Monday, hitting $31.96. 20,251 shares of the company were exchanged, compared to its average volume of 72,925. The firm has a fifty day moving average of $33.14 and a 200 day moving average of $32.36. Tri-Continental Co. has a 1 year low of $28.29 and a 1 year high of $34.82.

Tri-Continental Cuts Dividend

The company also recently declared a — dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 13th were given a dividend of $0.285 per share. This represents a yield of 3.3%. The ex-dividend date of this dividend 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.