UBS Group AG Sells 31,601 Shares of Tri Continental Corporation $TY

UBS Group AG trimmed its holdings in Tri Continental Corporation (NYSE:TY) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,197 shares of the investment management company’s stock after selling 31,601 shares during the period. UBS Group AG’s holdings in Tri Continental were worth $8,563,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Tri Continental by 529.5% in the second quarter. BNP Paribas Financial Markets now owns 1,259 shares of the investment management company’s stock worth $40,000 after acquiring an additional 1,059 shares in the last quarter. Assetmark Inc. bought a new stake in Tri Continental in the fourth quarter worth approximately $54,000. Jones Financial Companies Lllp grew its position in Tri Continental by 49.7% in the first quarter. Jones Financial Companies Lllp now owns 2,643 shares of the investment management company’s stock worth $83,000 after acquiring an additional 877 shares in the last quarter. CWM LLC grew its position in Tri Continental by 83.9% in the third quarter. CWM LLC now owns 3,285 shares of the investment management company’s stock worth $112,000 after acquiring an additional 1,499 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in Tri Continental by 208.1% in the third quarter. Ameritas Advisory Services LLC now owns 3,787 shares of the investment management company’s stock worth $129,000 after acquiring an additional 2,558 shares in the last quarter. 10.22% of the stock is owned by institutional investors.

Tri Continental Price Performance

TY stock opened at $34.54 on Monday. Tri Continental Corporation has a 12 month low of $30.40 and a 12 month high of $35.05. The firm has a 50 day moving average of $32.91 and a two-hundred day moving average of $33.27.

Tri Continental Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 17th were given a $0.2848 dividend. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 17th.

Tri Continental Company Profile

Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.

The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.