Wealth Enhancement Advisory Services LLC Has $3.81 Million Holdings in Tri Continental Corporation (NYSE:TY)

Wealth Enhancement Advisory Services LLC cut its holdings in Tri Continental Corporation (NYSE:TY) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,064 shares of the investment management company’s stock after selling 4,587 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.23% of Tri Continental worth $3,805,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Tri Continental during the fourth quarter worth $10,315,000. Shaker Financial Services LLC grew its stake in Tri Continental by 1.9% in the 4th quarter. Shaker Financial Services LLC now owns 164,067 shares of the investment management company’s stock valued at $5,199,000 after purchasing an additional 3,010 shares during the period. Cornerstone Advisory LLC bought a new position in shares of Tri Continental during the 4th quarter worth $4,214,000. Stifel Financial Corp grew its stake in shares of Tri Continental by 0.9% during the 4th quarter. Stifel Financial Corp now owns 95,546 shares of the investment management company’s stock worth $3,028,000 after acquiring an additional 844 shares during the period. Finally, 1620 Investment Advisors Inc. grew its stake in shares of Tri Continental by 0.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 89,044 shares of the investment management company’s stock worth $2,822,000 after acquiring an additional 645 shares during the period. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri Continental Trading Up 0.3%

TY stock opened at $31.30 on Friday. The stock has a fifty day moving average of $30.67 and a 200-day moving average of $31.17. Tri Continental Corporation has a fifty-two week low of $26.54 and a fifty-two week high of $34.82.

Tri Continental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Monday, June 16th were issued a dividend of $0.29 per share. This is a boost from Tri Continental’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.16 dividend on an annualized basis and a yield of 3.71%.

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.