Ameritas Advisory Services LLC Purchases Shares of 1,229 Tri Continental Corporation $TY

Ameritas Advisory Services LLC bought a new position in shares of Tri Continental Corporation (NYSE:TY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,229 shares of the investment management company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in Tri Continental by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 26,149 shares of the investment management company’s stock worth $802,000 after buying an additional 666 shares during the last quarter. Allworth Financial LP grew its stake in Tri Continental by 5.5% during the 1st quarter. Allworth Financial LP now owns 16,448 shares of the investment management company’s stock worth $481,000 after buying an additional 863 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Tri Continental by 49.7% during the 1st quarter. Jones Financial Companies Lllp now owns 2,643 shares of the investment management company’s stock worth $83,000 after buying an additional 877 shares during the last quarter. Costello Asset Management INC purchased a new position in Tri Continental during the 1st quarter worth approximately $48,000. Finally, Oppenheimer & Co. Inc. grew its stake in Tri Continental by 26.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,788 shares of the investment management company’s stock worth $300,000 after buying an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri Continental Stock Performance

NYSE:TY opened at $33.73 on Wednesday. The stock’s 50 day moving average price is $33.61 and its 200 day moving average price is $31.79. Tri Continental Corporation has a 52-week low of $26.54 and a 52-week high of $34.82.

Tri Continental Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Tuesday, September 16th were paid a $0.2654 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, September 16th.

Tri Continental Profile

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.