Priebe Wealth Holdings LLC Has $330,000 Stock Position in Tri-Continental Co. (NYSE:TY)

Priebe Wealth Holdings LLC cut its position in Tri-Continental Co. (NYSE:TY) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,407 shares of the investment management company’s stock after selling 712 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in Tri-Continental were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TY. International Assets Investment Management LLC increased its position in Tri-Continental by 3,203.9% in 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 buying an additional 225,264 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in 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 acquiring an additional 579 shares during the period. Shaker Financial Services LLC increased its position in Tri-Continental by 69.7% during the third quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after acquiring an additional 66,148 shares during the period. Creative Planning raised its stake in Tri-Continental by 74.8% during the 3rd quarter. Creative Planning now owns 25,860 shares of the investment management company’s stock valued at $854,000 after purchasing an additional 11,067 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Tri-Continental by 3.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after purchasing an additional 15,350 shares during the period. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

NYSE:TY opened at $32.35 on Tuesday. The firm’s 50-day moving average is $32.80 and its 200-day moving average is $32.43. Tri-Continental Co. has a 52-week low of $28.39 and a 52-week high of $34.82.

Tri-Continental Cuts Dividend

The company 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. The ex-dividend date was 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.