Tri-Continental Co. (NYSE:TY) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its stake in Tri-Continental Co. (NYSE:TYGet Rating) by 41.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,466 shares of the investment management company’s stock after selling 13,288 shares during the period. Walleye Capital LLC’s holdings in Tri-Continental were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TY. BNP Paribas Arbitrage SA purchased a new stake in shares of Tri-Continental during the first quarter worth approximately $25,000. Tyler Stone Wealth Management purchased a new stake in shares of Tri-Continental in the 4th quarter valued at approximately $50,000. Clearstead Advisors LLC acquired a new stake in shares of Tri-Continental in the 4th quarter valued at $83,000. Brown Brothers Harriman & Co. lifted its position in shares of Tri-Continental by 4,484.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 4,584 shares of the investment management company’s stock worth $141,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Tri-Continental during the first quarter worth $184,000. Hedge funds and other institutional investors own 10.10% of the company’s stock.

Tri-Continental Price Performance

NYSE:TY opened at $26.50 on Thursday. The business’s fifty day moving average price is $28.05 and its 200 day moving average price is $28.56. Tri-Continental Co. has a 12 month low of $25.26 and a 12 month high of $35.91.

Tri-Continental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th were issued a $0.2695 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.07%.

Tri-Continental Profile

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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.

See Also

Institutional Ownership by Quarter for Tri-Continental (NYSE:TY)

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