Tri-Continental Co. (NYSE:TY) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Tri-Continental Co. (NYSE:TY) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,004 shares of the investment management company’s stock after buying an additional 720 shares during the quarter. Sanctuary Advisors LLC owned 0.12% of Tri-Continental worth $2,135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TY. International Assets Investment Management LLC grew its holdings in Tri-Continental by 3,203.9% during the 3rd quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company’s stock worth $7,031,000 after acquiring an additional 225,264 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 last quarter. Shaker Financial Services LLC grew its stake in Tri-Continental by 69.7% in the third quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after purchasing an additional 66,148 shares in the last quarter. Creative Planning increased its holdings in Tri-Continental by 74.8% in the third quarter. Creative Planning now owns 25,860 shares of the investment management company’s stock valued at $854,000 after buying an additional 11,067 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Tri-Continental by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after buying an additional 15,350 shares in the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

Tri-Continental Trading Down 2.2 %

Shares of TY opened at $31.12 on Thursday. Tri-Continental Co. has a 52 week low of $28.18 and a 52 week high of $34.82. The stock has a 50 day moving average of $33.54 and a 200-day moving average of $32.27.

Tri-Continental Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, December 23rd. Shareholders 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%.

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.