Wells Fargo & Company MN Boosts Stock Position in Tri-Continental Co. (NYSE:TY)

Wells Fargo & Company MN raised its stake in Tri-Continental Co. (NYSE:TYFree Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,748 shares of the investment management company’s stock after purchasing an additional 15,351 shares during the period. Wells Fargo & Company MN owned 0.50% of Tri-Continental worth $7,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stolper Co boosted its position in Tri-Continental by 1.9% in the fourth quarter. Stolper Co now owns 52,772 shares of the investment management company’s stock valued at $1,521,000 after buying an additional 971 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Tri-Continental by 7.2% in the third quarter. Janney Montgomery Scott LLC now owns 18,298 shares of the investment management company’s stock valued at $487,000 after buying an additional 1,230 shares during the last quarter. Private Advisor Group LLC boosted its position in Tri-Continental by 14.1% in the fourth quarter. Private Advisor Group LLC now owns 10,307 shares of the investment management company’s stock valued at $297,000 after buying an additional 1,275 shares during the last quarter. Savant Capital LLC boosted its position in Tri-Continental by 26.3% in the fourth quarter. Savant Capital LLC now owns 21,378 shares of the investment management company’s stock valued at $616,000 after buying an additional 4,458 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in Tri-Continental by 38.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 19,177 shares of the investment management company’s stock valued at $553,000 after buying an additional 5,337 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Price Performance

Shares of NYSE:TY opened at $31.00 on Thursday. Tri-Continental Co. has a 12-month low of $25.16 and a 12-month high of $31.28. The business has a 50 day moving average of $30.24 and a two-hundred day moving average of $29.40.

Tri-Continental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.74%. This is an increase from Tri-Continental’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, June 10th.

About Tri-Continental

(Free Report)

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.

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

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