Tri-Continental (NYSE:TY) Share Price Passes Below Two Hundred Day Moving Average of $27.13

Tri-Continental Co. (NYSE:TY – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.13 and traded as low as $27.10. Tri-Continental shares last traded at $27.16, with a volume of 53,200 shares changing hands.

Tri-Continental Trading Down 0.1 %

The business’s fifty day moving average price is $26.74 and its 200-day moving average price is $27.13.

Tri-Continental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Monday, December 12th were issued a dividend of $0.886 per share. The ex-dividend date was Friday, December 9th. This is a boost from Tri-Continental’s previous quarterly dividend of $0.27. This represents a $3.54 annualized dividend and a yield of 13.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC boosted its holdings in Tri-Continental by 2.0% during the second quarter. Cetera Advisors LLC now owns 19,538 shares of the investment management company’s stock worth $511,000 after purchasing an additional 391 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Tri-Continental by 2.8% during the third quarter. Koshinski Asset Management Inc. now owns 22,618 shares of the investment management company’s stock worth $578,000 after purchasing an additional 622 shares during the last quarter. UBS Group AG boosted its holdings in Tri-Continental by 0.5% during the second quarter. UBS Group AG now owns 148,280 shares of the investment management company’s stock worth $3,880,000 after purchasing an additional 691 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Tri-Continental by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 55,151 shares of the investment management company’s stock worth $1,443,000 after purchasing an additional 719 shares during the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in Tri-Continental by 0.4% during the fourth quarter. Uncommon Cents Investing LLC now owns 172,824 shares of the investment management company’s stock worth $4,429,000 after purchasing an additional 755 shares during the last quarter. 9.78% of the stock is currently owned by hedge funds and other institutional investors.

About Tri-Continental

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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.