Mercer Global Advisors Inc. ADV Purchases Shares of 10,543 Tri-Continental Co. (NYSE:TY)

Mercer Global Advisors Inc. ADV purchased a new position in Tri-Continental Co. (NYSE:TY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,543 shares of the investment management company’s stock, valued at approximately $327,000.

Other institutional investors have also recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in shares of Tri-Continental during the 2nd quarter valued at $84,000. Motco bought a new position in shares of Tri-Continental in the first quarter worth about $108,000. YHB Investment Advisors Inc. purchased a new stake in shares of Tri-Continental during the first quarter worth about $158,000. EP Wealth Advisors LLC bought a new stake in Tri-Continental during the 4th quarter valued at approximately $212,000. Finally, Choate Investment Advisors purchased a new position in Tri-Continental in the 1st quarter worth approximately $213,000. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

TY stock opened at $32.81 on Monday. Tri-Continental Co. has a 1-year low of $25.16 and a 1-year high of $33.07. The business has a 50 day simple moving average of $31.75 and a two-hundred day simple moving average of $30.96.

Tri-Continental Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a dividend of $0.291 per share. This represents a $1.16 annualized dividend and a yield of 3.55%. This is a boost from Tri-Continental’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, September 13th.

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.