Successful Portfolios LLC Buys 593 Shares of Tri-Continental Co. (NYSE:TY)

Successful Portfolios LLC boosted its stake in Tri-Continental Co. (NYSE:TY) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,605 shares of the investment management company’s stock after acquiring an additional 593 shares during the period. Successful Portfolios LLC’s holdings in Tri-Continental were worth $495,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TY. Mercer Global Advisors Inc. ADV acquired a new stake in Tri-Continental in the second quarter worth $327,000. Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $111,000 after buying an additional 579 shares during the period. Sanctuary Advisors LLC bought a new position in Tri-Continental during the second quarter worth about $1,852,000. Creative Planning grew its stake 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 acquiring an additional 11,067 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Tri-Continental by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock worth $14,595,000 after acquiring an additional 15,350 shares in the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Trading Up 1.0 %

NYSE:TY opened at $32.35 on Monday. The business’s 50-day simple moving average is $32.84 and its 200-day simple moving average is $32.42. Tri-Continental Co. has a fifty-two week low of $28.39 and a fifty-two week high of $34.82.

Tri-Continental Cuts Dividend

The business also recently declared a — dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 13th were paid a $0.285 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.

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.