Tri-Continental Co. (NYSE:TY) Holdings Increased by Shaker Financial Services LLC

Shaker Financial Services LLC grew its position in shares of Tri-Continental Co. (NYSE:TY) by 69.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,057 shares of the investment management company’s stock after purchasing an additional 66,148 shares during the period. Tri-Continental makes up about 2.0% of Shaker Financial Services LLC’s investment portfolio, making the stock its 10th largest position. Shaker Financial Services LLC owned approximately 0.30% of Tri-Continental worth $5,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Atwood & Palmer Inc. acquired a new position in Tri-Continental in the second quarter worth $84,000. Motco bought a new stake in Tri-Continental in the first quarter worth about $108,000. Northwestern Mutual Wealth Management Co. raised its holdings in Tri-Continental by 19.3% during 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 period. US Bancorp DE raised its holdings in Tri-Continental by 16.4% during the 3rd 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 during the period. Finally, Choate Investment Advisors acquired a new stake in Tri-Continental during the 1st quarter worth about $213,000. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Trading Up 2.1 %

Shares of TY opened at $33.76 on Thursday. Tri-Continental Co. has a fifty-two week low of $26.20 and a fifty-two week high of $33.84. The business’s 50-day moving average is $32.76 and its 200-day moving average is $31.54.

Tri-Continental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were issued a $0.291 dividend. This is an increase from Tri-Continental’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, September 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.45%.

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.