Mezzasalma Advisors LLC Takes Position in Tri-Continental Co. (NYSE:TY)

Mezzasalma Advisors LLC purchased a new position in shares of Tri-Continental Co. (NYSE:TY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,494 shares of the investment management company’s stock, valued at approximately $206,000.

Other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in Tri-Continental by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock worth $2,689,000 after acquiring an additional 360 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Tri-Continental by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,876 shares of the investment management company’s stock worth $345,000 after purchasing an additional 507 shares during the last quarter. Cora Capital Advisors LLC increased its stake in shares of Tri-Continental by 5.0% in the fourth quarter. Cora Capital Advisors LLC now owns 11,005 shares of the investment management company’s stock valued at $349,000 after buying an additional 522 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Tri-Continental by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after buying an additional 579 shares during the last quarter. Finally, Successful Portfolios LLC lifted its position in Tri-Continental by 4.0% during the 4th quarter. Successful Portfolios LLC now owns 15,605 shares of the investment management company’s stock worth $495,000 after buying an additional 593 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri-Continental Stock Performance

TY opened at $32.57 on Friday. The firm has a 50-day moving average price of $32.47 and a two-hundred day moving average price of $32.53. Tri-Continental Co. has a 1-year low of $29.01 and a 1-year high of $34.82.

Tri-Continental Cuts Dividend

The firm also recently declared a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were paid a dividend of $0.285 per share. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.

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.