18,481 Shares in Tri Continental Corporation (NYSE:TY) Purchased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC bought a new stake in Tri Continental Corporation (NYSE:TY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,481 shares of the investment management company’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Tri Continental in the fourth quarter valued at approximately $10,315,000. Allspring Global Investments Holdings LLC boosted its holdings in Tri Continental by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 276,551 shares of the investment management company’s stock valued at $8,482,000 after purchasing an additional 3,539 shares during the period. Shaker Financial Services LLC grew its position in Tri Continental by 1.9% in the 4th quarter. Shaker Financial Services LLC now owns 164,067 shares of the investment management company’s stock worth $5,199,000 after purchasing an additional 3,010 shares during the last quarter. Cornerstone Advisory LLC acquired a new stake in Tri Continental in the 4th quarter worth $4,214,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tri Continental by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 128,651 shares of the investment management company’s stock worth $4,077,000 after purchasing an additional 3,523 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri Continental Stock Up 0.2%

Shares of TY opened at $31.35 on Monday. The company has a 50-day simple moving average of $30.73 and a 200-day simple moving average of $31.11. Tri Continental Corporation has a 52 week low of $26.54 and a 52 week high of $34.82.

Tri Continental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Monday, June 16th were issued a $0.29 dividend. This is a boost from Tri Continental’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.16 annualized dividend and a yield of 3.70%.

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.