D.A. Davidson & CO. Raises Holdings in Tri-Continental Co. (NYSE:TY)

D.A. Davidson & CO. lifted its position in shares of Tri-Continental Co. (NYSE:TY) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 81,380 shares of the investment management company’s stock after acquiring an additional 360 shares during the quarter. D.A. Davidson & CO.’s holdings in Tri-Continental were worth $2,689,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC grew its stake in Tri-Continental by 105.3% in the 1st quarter. Cetera Advisors LLC now owns 16,868 shares of the investment management company’s stock valued at $520,000 after buying an additional 8,653 shares in the last quarter. BancFirst Trust & Investment Management bought a new position in shares of Tri-Continental in the second quarter worth $341,000. Atwood & Palmer Inc. purchased a new position in shares of Tri-Continental in the second quarter valued at $84,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Tri-Continental by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 115,813 shares of the investment management company’s stock valued at $3,587,000 after purchasing an additional 1,775 shares during the period. Finally, Whitener Capital Management Inc. lifted its holdings in Tri-Continental by 2.7% during the 2nd quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company’s stock worth $1,132,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

Shares of NYSE TY opened at $34.48 on Friday. Tri-Continental Co. has a 52 week low of $27.24 and a 52 week high of $34.63. The business has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $31.97.

Tri-Continental Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 13th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a 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.