Twin Focus Capital Partners LLC Buys 611 Shares of Tri-Continental Co. (NYSE:TY)

Twin Focus Capital Partners LLC boosted its stake in Tri-Continental Co. (NYSE:TY) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,611 shares of the investment management company’s stock after acquiring an additional 611 shares during the quarter. Twin Focus Capital Partners LLC’s holdings in Tri-Continental were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Tri-Continental in the fourth quarter valued at approximately $10,315,000. Wolverine Asset Management LLC increased its stake in Tri-Continental by 5.2% in the 4th quarter. Wolverine Asset Management LLC now owns 126,932 shares of the investment management company’s stock valued at $4,022,000 after buying an additional 6,222 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Tri-Continental by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 126,471 shares of the investment management company’s stock worth $4,179,000 after buying an additional 1,343 shares in the last quarter. Platform Technology Partners boosted its stake in shares of Tri-Continental by 69.0% during the 4th quarter. Platform Technology Partners now owns 97,531 shares of the investment management company’s stock worth $3,091,000 after buying an additional 39,819 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of Tri-Continental by 0.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 89,044 shares of the investment management company’s stock valued at $2,822,000 after acquiring an additional 645 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri-Continental Trading Up 0.3 %

TY opened at $28.86 on Wednesday. The business’s 50-day simple moving average is $30.91 and its 200 day simple moving average is $32.23. Tri-Continental Co. has a 52-week low of $26.54 and a 52-week high of $34.82.

Tri-Continental Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.2766 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 18th.

Insider Activity

In other news, Director Pamela G. Carlton sold 1,815 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $31.23, for a total value of $56,682.45. Following the sale, the director now directly owns 101 shares of the company’s stock, valued at approximately $3,154.23. This represents a 94.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.66% of the stock is currently owned by insiders.

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.