EP Wealth Advisors LLC Invests $212,000 in Tri-Continental Co. (NYSE:TY)

EP Wealth Advisors LLC purchased a new position in shares of Tri-Continental Co. (NYSE:TY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,345 shares of the investment management company’s stock, valued at approximately $212,000.

A number of other large investors have also modified their holdings of the business. International Assets Investment Management LLC boosted its position in Tri-Continental by 2,793.7% in the fourth quarter. International Assets Investment Management LLC now owns 200,793 shares of the investment management company’s stock valued at $5,789,000 after buying an additional 193,854 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Tri-Continental by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 567,088 shares of the investment management company’s stock valued at $16,349,000 after buying an additional 121,196 shares during the last quarter. Mariner LLC purchased a new stake in Tri-Continental in the third quarter valued at approximately $1,938,000. AQR Arbitrage LLC boosted its position in Tri-Continental by 113.6% in the third quarter. AQR Arbitrage LLC now owns 54,558 shares of the investment management company’s stock valued at $1,451,000 after buying an additional 29,018 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Tri-Continental by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 269,748 shares of the investment management company’s stock valued at $7,777,000 after buying an additional 15,351 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Trading Down 0.5 %

Shares of NYSE TY opened at $30.69 on Friday. Tri-Continental Co. has a 52 week low of $25.16 and a 52 week high of $31.28. The business’s 50 day moving average price is $30.29 and its 200 day moving average price is $29.61.

Tri-Continental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.78%. The ex-dividend date was Monday, June 10th. This is a positive change from Tri-Continental’s previous quarterly dividend of $0.26.

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.