Tri-Continental Co. (NYSE:TY) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. cut its stake in shares of Tri-Continental Co. (NYSE:TY) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 465,384 shares of the investment management company’s stock after selling 22,029 shares during the period. Tri-Continental makes up approximately 1.8% of Bard Financial Services Inc.’s holdings, making the stock its 7th largest holding. Bard Financial Services Inc.’s holdings in Tri-Continental were worth $14,748,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TY. D.A. Davidson & CO. raised its holdings in 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 acquiring an additional 360 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. Johnson Investment Counsel Inc. grew its stake in Tri-Continental by 3.6% in the second quarter. Johnson Investment Counsel Inc. now owns 16,815 shares of the investment management company’s stock worth $521,000 after purchasing an additional 586 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Tri-Continental by 1.2% in the third quarter. Sanctuary Advisors LLC now owns 63,004 shares of the investment management company’s stock valued at $2,135,000 after buying an additional 720 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Tri-Continental by 16.4% during the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after buying an additional 796 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Price Performance

Shares of NYSE TY traded up $0.35 during trading on Monday, reaching $31.96. The stock had a trading volume of 20,251 shares, compared to its average volume of 72,925. Tri-Continental Co. has a one year low of $28.29 and a one year high of $34.82. The firm’s 50 day moving average price is $33.14 and its two-hundred day moving average price is $32.36.

Tri-Continental Cuts Dividend

The firm also recently declared a — dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 13th were given 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.