Beckerman Institutional LLC Has $1.32 Million Position in Tri-Continental Co. (NYSE:TY)

Beckerman Institutional LLC lifted its stake in Tri-Continental Co. (NYSE:TY) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,632 shares of the investment management company’s stock after purchasing an additional 708 shares during the period. Tri-Continental accounts for 1.1% of Beckerman Institutional LLC’s portfolio, making the stock its 29th largest position. Beckerman Institutional LLC owned 0.08% of Tri-Continental worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its stake in Tri-Continental by 16.4% in the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock valued at $187,000 after acquiring an additional 796 shares during the last quarter. Mezzasalma Advisors LLC bought a new position in Tri-Continental in the fourth quarter valued at approximately $206,000. Walleye Capital LLC bought a new position in Tri-Continental in the third quarter valued at approximately $269,000. Crews Bank & Trust bought a new position in Tri-Continental in the fourth quarter valued at approximately $270,000. Finally, JSF Financial LLC bought a new position in Tri-Continental in the fourth quarter valued at approximately $310,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Stock Down 0.4 %

Shares of TY stock opened at $32.39 on Thursday. Tri-Continental Co. has a 52-week low of $29.01 and a 52-week high of $34.82. The firm’s 50 day moving average price is $32.34 and its two-hundred day moving average price is $32.56.

Tri-Continental Cuts Dividend

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

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.