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

Foundations Investment Advisors LLC increased its holdings in shares of Tri-Continental Co. (NYSE:TY) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,200 shares of the investment management company’s stock after buying an additional 732 shares during the period. Foundations Investment Advisors LLC’s holdings in Tri-Continental were worth $355,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. D.A. Davidson & CO. grew its holdings in shares of Tri-Continental by 0.4% in the third quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock valued at $2,689,000 after purchasing an additional 360 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Tri-Continental by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,876 shares of the investment management company’s stock valued at $345,000 after buying an additional 507 shares during the period. Cora Capital Advisors LLC increased its holdings in shares of Tri-Continental by 5.0% during the 4th quarter. Cora Capital Advisors LLC now owns 11,005 shares of the investment management company’s stock worth $349,000 after buying an additional 522 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Tri-Continental by 19.3% during the 2nd 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 period. Finally, Successful Portfolios LLC lifted its holdings in Tri-Continental by 4.0% in the fourth quarter. Successful Portfolios LLC now owns 15,605 shares of the investment management company’s stock valued at $495,000 after acquiring an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Down 0.1 %

Shares of Tri-Continental stock opened at $32.66 on Friday. Tri-Continental Co. has a 52 week low of $28.84 and a 52 week high of $34.82. The business’s fifty day simple moving average is $32.66 and its 200-day simple moving average is $32.48.

Tri-Continental Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 13th were paid a $0.285 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend 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.