International Assets Investment Management LLC Has $5.79 Million Stock Holdings in Tri-Continental Co. (NYSE:TY)

International Assets Investment Management LLC lifted its position in shares of Tri-Continental Co. (NYSE:TY) by 2,793.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,793 shares of the investment management company’s stock after purchasing an additional 193,854 shares during the period. International Assets Investment Management LLC owned 0.37% of Tri-Continental worth $5,789,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA bought a new stake in shares of Tri-Continental during the 1st quarter worth about $25,000. Tyler Stone Wealth Management bought a new stake in shares of Tri-Continental during the 2nd quarter worth about $45,000. Comerica Bank bought a new stake in shares of Tri-Continental during the 3rd quarter worth about $66,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Tri-Continental by 18.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,411 shares of the investment management company’s stock worth $87,000 after buying an additional 531 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Tri-Continental by 4,484.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 4,584 shares of the investment management company’s stock worth $141,000 after buying an additional 4,484 shares during the period. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Tri-Continental Stock Down 0.6 %

Shares of TY stock opened at $29.50 on Tuesday. The company has a 50-day simple moving average of $29.91 and a 200 day simple moving average of $28.44. Tri-Continental Co. has a 52 week low of $25.16 and a 52 week high of $30.95.

Tri-Continental Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 11th were issued a dividend of $0.256 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, March 8th.

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.