Wealth Enhancement Advisory Services LLC Buys 9,315 Shares of Tri-Continental Co. (NYSE:TY)

Wealth Enhancement Advisory Services LLC raised its position in shares of Tri-Continental Co. (NYSE:TY) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,128 shares of the investment management company’s stock after acquiring an additional 9,315 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Tri-Continental were worth $4,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TY. Allspring Global Investments Holdings LLC grew its holdings in Tri-Continental by 3.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after purchasing an additional 15,350 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Tri-Continental by 3,203.9% during the third quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company’s stock valued at $7,031,000 after buying an additional 225,264 shares during the period. Cornerstone Advisors LLC grew its stake in shares of Tri-Continental by 18.1% during the second quarter. Cornerstone Advisors LLC now owns 167,382 shares of the investment management company’s stock valued at $5,184,000 after buying an additional 25,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Tri-Continental by 6.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 137,773 shares of the investment management company’s stock worth $4,267,000 after buying an additional 7,759 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in shares of Tri-Continental by 36.6% during the 2nd quarter. Shaker Financial Services LLC now owns 94,909 shares of the investment management company’s stock worth $2,939,000 after acquiring an additional 25,434 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

TY opened at $32.74 on Friday. The business has a fifty day moving average of $32.67 and a 200 day moving average of $31.42. Tri-Continental Co. has a 52-week low of $25.33 and a 52-week high of $33.66.

Tri-Continental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were issued a $0.291 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Tri-Continental’s previous quarterly dividend of $0.29. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%.

Tri-Continental 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.