C J Advisory Inc Invests $43,000 in Tri-Continental Co. (TY)

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C J Advisory Inc purchased a new position in Tri-Continental Co. (NYSE:TY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,606 shares of the investment management company’s stock, valued at approximately $43,000.

A number of other institutional investors have also recently bought and sold shares of TY. NINE MASTS CAPITAL Ltd increased its position in Tri-Continental by 998.7% during the third quarter. NINE MASTS CAPITAL Ltd now owns 88,200 shares of the investment management company’s stock valued at $2,379,000 after acquiring an additional 80,172 shares during the last quarter. Uncommon Cents Investing LLC increased its position in Tri-Continental by 232.6% during the first quarter. Uncommon Cents Investing LLC now owns 100,728 shares of the investment management company’s stock valued at $2,649,000 after acquiring an additional 70,440 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Tri-Continental by 10.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 390,401 shares of the investment management company’s stock valued at $9,182,000 after acquiring an additional 35,821 shares during the last quarter. Hancock Whitney Corp purchased a new stake in Tri-Continental during the fourth quarter valued at $588,000. Finally, Raymond James & Associates increased its position in Tri-Continental by 8.5% during the fourth quarter. Raymond James & Associates now owns 270,273 shares of the investment management company’s stock valued at $6,357,000 after acquiring an additional 21,067 shares during the last quarter. Institutional investors own 10.48% of the company’s stock.

TY traded up $0.04 during midday trading on Thursday, reaching $27.04. The company had a trading volume of 1,902 shares, compared to its average volume of 48,051. Tri-Continental Co. has a 1 year low of $21.83 and a 1 year high of $28.19.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were given a $0.24 dividend. This is a boost from Tri-Continental’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a $0.96 dividend on an annualized basis and a yield of 3.55%.

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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.

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Institutional Ownership by Quarter for Tri-Continental (NYSE:TY)

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