Shaker Financial Services LLC Has $5.32 Million Holdings in Tri-Continental Co. (NYSE:TY)

Shaker Financial Services LLC lifted its position in Tri-Continental Co. (NYSE:TY) by 69.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,057 shares of the investment management company’s stock after buying an additional 66,148 shares during the quarter. Tri-Continental comprises 2.0% of Shaker Financial Services LLC’s investment portfolio, making the stock its 10th largest holding. Shaker Financial Services LLC’s holdings in Tri-Continental were worth $5,321,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TY. Northwestern Mutual Wealth Management Co. boosted its position in Tri-Continental by 19.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock worth $111,000 after purchasing an additional 579 shares during the period. Johnson Investment Counsel Inc. boosted its position in 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 period. Concurrent Investment Advisors LLC boosted its position in Tri-Continental by 2.6% during the first quarter. Concurrent Investment Advisors LLC now owns 24,469 shares of the investment management company’s stock worth $754,000 after purchasing an additional 620 shares during the period. US Bancorp DE boosted its position in 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 purchasing an additional 796 shares during the period. Finally, Whitener Capital Management Inc. lifted its holdings in shares of Tri-Continental by 2.7% during the second quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company’s stock worth $1,132,000 after buying an additional 965 shares during the last quarter. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Trading Up 2.1 %

Shares of TY stock opened at $33.76 on Thursday. Tri-Continental Co. has a 12 month low of $26.20 and a 12 month high of $33.84. The stock has a 50 day moving average of $32.76 and a 200-day moving average of $31.54.

Tri-Continental Increases Dividend

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

About Tri-Continental

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.