Successful Portfolios LLC Has $495,000 Position in Tri-Continental Co. (NYSE:TY)

Successful Portfolios LLC increased its holdings in Tri-Continental Co. (NYSE:TY) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,605 shares of the investment management company’s stock after purchasing an additional 593 shares during the period. Successful Portfolios LLC’s holdings in Tri-Continental were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TY. D.A. Davidson & CO. boosted its stake in shares of Tri-Continental by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock valued at $2,689,000 after purchasing an additional 360 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Tri-Continental by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after buying an additional 579 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Tri-Continental by 1.2% during the third quarter. Sanctuary Advisors LLC now owns 63,004 shares of the investment management company’s stock worth $2,135,000 after buying an additional 720 shares during the last quarter. US Bancorp DE increased its holdings in shares of Tri-Continental by 16.4% during the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after buying an additional 796 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Tri-Continental by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 30,659 shares of the investment management company’s stock valued at $1,013,000 after acquiring an additional 1,321 shares during the last quarter. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

NYSE TY opened at $32.35 on Monday. The stock’s 50 day simple moving average is $32.84 and its 200 day simple moving average is $32.42. Tri-Continental Co. has a one year low of $28.39 and a one year high of $34.82.

Tri-Continental Cuts Dividend

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

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.