Commonwealth Equity Services LLC cut its holdings in Tri-Continental Co. (NYSE:TY) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,705 shares of the investment management company’s stock after selling 2,913 shares during the period. Commonwealth Equity Services LLC owned 0.10% of Tri-Continental worth $1,491,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in Tri-Continental by 2,658.9% in the 1st quarter. Sei Investments Co. now owns 4,497 shares of the investment management company’s stock worth $118,000 after buying an additional 4,334 shares during the period. James Hambro & Partners bought a new position in Tri-Continental in the 4th quarter worth approximately $162,000. LPL Financial LLC bought a new position in Tri-Continental in the 4th quarter worth approximately $206,000. Bank of New York Mellon Corp bought a new position in Tri-Continental in the 4th quarter worth approximately $237,000. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Tri-Continental by 9.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 22,768 shares of the investment management company’s stock worth $599,000 after buying an additional 1,973 shares during the period. 10.43% of the stock is owned by institutional investors.
Tri-Continental opened at $26.99 on Friday, according to MarketBeat Ratings. Tri-Continental Co. has a 12 month low of $22.63 and a 12 month high of $28.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Wednesday, June 20th will be issued a $0.2236 dividend. This represents a $0.89 annualized dividend and a yield of 3.31%. The ex-dividend date is Tuesday, June 19th.
In other Tri-Continental news, insider Peter Albanese sold 5,500 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $27.50, for a total value of $151,250.00. Following the completion of the transaction, the insider now directly owns 9,268 shares of the company’s stock, valued at approximately $254,870. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela G. Carlton purchased 2,100 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was purchased at an average cost of $15.55 per share, with a total value of $32,655.00. The disclosure for this purchase can be found here. 8.66% of the stock is currently owned by company insiders.
Tri-Continental Company Profile
Tri-Continental Corp. is a diversified, closed-end management investment company. It invests primarily for the longer term and its objective is to produce future growth of both capital and income while providing reasonable current income. The company was founded on January 14, 1929 and is headquartered in Boston, MA.
Want to see what other hedge funds are holding TY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri-Continental Co. (NYSE:TY).
Receive News & Ratings for Tri-Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri-Continental and related companies with MarketBeat.com's FREE daily email newsletter.