Tri-Continental Co. (NYSE:TY) is Uncommon Cents Investing LLC’s 10th Largest Position

Uncommon Cents Investing LLC lessened its holdings in Tri-Continental Co. (NYSE:TY) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,894 shares of the investment management company’s stock after selling 1,340 shares during the quarter. Tri-Continental accounts for about 1.6% of Uncommon Cents Investing LLC’s holdings, making the stock its 10th biggest position. Uncommon Cents Investing LLC owned approximately 0.31% of Tri-Continental worth $5,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Tri-Continental by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after buying an additional 579 shares in the last quarter. US Bancorp DE boosted its position in shares of Tri-Continental by 16.4% during the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after purchasing an additional 796 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Tri-Continental during the 3rd quarter worth $269,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Tri-Continental in the 2nd quarter valued at about $327,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Tri-Continental by 218.4% in the third quarter. JPMorgan Chase & Co. now owns 13,160 shares of the investment management company’s stock valued at $435,000 after purchasing an additional 9,027 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Price Performance

TY stock opened at $32.35 on Monday. Tri-Continental Co. has a 52 week low of $28.39 and a 52 week high of $34.82. The company’s 50-day moving average price is $32.84 and its 200 day moving average price is $32.42.

Tri-Continental Cuts Dividend

The company also recently declared a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were issued a $0.285 dividend. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.

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.