Tri Continental Corporation $TY Stock Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC grew its stake in Tri Continental Corporation (NYSE:TY) by 178.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,059 shares of the investment management company’s stock after acquiring an additional 18,634 shares during the quarter. Uhlmann Price Securities LLC owned about 0.05% of Tri Continental worth $998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Saba Capital Management L.P. boosted its stake in shares of Tri Continental by 4.8% during the first quarter. Saba Capital Management L.P. now owns 735,098 shares of the investment management company’s stock valued at $23,222,000 after acquiring an additional 33,497 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Tri Continental by 9.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 366,014 shares of the investment management company’s stock valued at $11,562,000 after purchasing an additional 31,757 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Tri Continental by 8.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 156,550 shares of the investment management company’s stock valued at $5,388,000 after purchasing an additional 11,778 shares during the last quarter. Cornerstone Advisory LLC lifted its holdings in Tri Continental by 2.8% in the 1st quarter. Cornerstone Advisory LLC now owns 151,571 shares of the investment management company’s stock valued at $4,788,000 after purchasing an additional 4,099 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new position in Tri Continental in the 3rd quarter valued at about $2,987,000. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

Tri Continental Stock Up 0.1%

Tri Continental stock opened at $33.75 on Friday. Tri Continental Corporation has a 12-month low of $30.53 and a 12-month high of $36.55. The firm’s 50-day moving average is $34.65 and its two-hundred day moving average is $34.19.

Tri Continental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th were given a $0.2962 dividend. This is a boost from Tri Continental’s previous quarterly dividend of $0.2852. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, September 14th.

Tri Continental Company Profile

Tri-Continental Corporation is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol TY. Rather than operating a commercial business, the company manages a diversified portfolio of investments for its stockholders.

The fund invests primarily in publicly traded securities, including common stocks, preferred stocks, convertible securities and fixed-income investments. Its objective is long-term capital growth, with current income as a secondary consideration.