Tri-Continental (NYSE:TY) Reaches New 12-Month High at $33.12

Tri-Continental Co. (NYSE:TY) shares reached a new 52-week high on Monday . The stock traded as high as $33.12 and last traded at $33.12, with a volume of 16954 shares traded. The stock had previously closed at $32.81.

Tri-Continental Stock Up 0.9 %

The company has a fifty day moving average of $31.75 and a 200-day moving average of $30.96.

Tri-Continental Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.291 dividend. This is an increase from Tri-Continental’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%.

Hedge Funds Weigh In On Tri-Continental

Large investors have recently made changes to their positions in the stock. Stolper Co boosted its stake in shares of Tri-Continental by 0.7% in the 1st quarter. Stolper Co now owns 53,152 shares of the investment management company’s stock valued at $1,637,000 after buying an additional 380 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Tri-Continental by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 579 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Tri-Continental by 3.6% during the second quarter. Johnson Investment Counsel Inc. now owns 16,815 shares of the investment management company’s stock valued at $521,000 after buying an additional 586 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Tri-Continental by 2.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 24,469 shares of the investment management company’s stock worth $754,000 after buying an additional 620 shares during the last quarter. Finally, Whitener Capital Management Inc. increased its stake in Tri-Continental by 2.7% during the second quarter. Whitener Capital Management Inc. now owns 36,555 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 965 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

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.