Altus Wealth Group LLC Has $1.10 Million Holdings in Tri-Continental Co. (NYSE:TY)

Altus Wealth Group LLC decreased its stake in Tri-Continental Co. (NYSE:TY) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,802 shares of the investment management company’s stock after selling 440 shares during the quarter. Altus Wealth Group LLC owned 0.06% of Tri-Continental worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Tri-Continental in the 4th quarter valued at $10,315,000. Kovitz Investment Group Partners LLC bought a new position in Tri-Continental during the third quarter worth about $7,366,000. Wolverine Asset Management LLC grew its stake in Tri-Continental by 5.2% in the fourth quarter. Wolverine Asset Management LLC now owns 126,932 shares of the investment management company’s stock valued at $4,022,000 after acquiring an additional 6,222 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tri-Continental by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 126,471 shares of the investment management company’s stock worth $4,179,000 after acquiring an additional 1,343 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Tri-Continental during the third quarter worth about $3,411,000. Institutional investors own 10.22% of the company’s stock.

Insider Activity

In related news, Director Pamela G. Carlton sold 1,815 shares of the business’s stock in a transaction on 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. The trade was a 94.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.66% of the company’s stock.

Tri-Continental Trading Up 1.4 %

NYSE:TY opened at $30.83 on Friday. The business’s 50-day simple moving average is $32.11 and its 200-day simple moving average is $32.64. Tri-Continental Co. has a fifty-two week low of $29.17 and a fifty-two week high of $34.82.

Tri-Continental Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 18th will be issued a $0.2766 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, March 18th.

Tri-Continental Company 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.