Priebe Wealth Holdings LLC Sells 712 Shares of Tri-Continental Co. (NYSE:TY)

Priebe Wealth Holdings LLC reduced its holdings in shares of Tri-Continental Co. (NYSE:TY) by 6.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,407 shares of the investment management company’s stock after selling 712 shares during the period. Priebe Wealth Holdings LLC’s holdings in Tri-Continental were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in Tri-Continental by 19.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock worth $111,000 after acquiring an additional 579 shares in the last quarter. US Bancorp DE grew its holdings in shares of Tri-Continental by 16.4% in the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after purchasing an additional 796 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Tri-Continental during the 3rd quarter worth about $269,000. Mercer Global Advisors Inc. ADV bought a new position in Tri-Continental during the 2nd quarter valued at about $327,000. Finally, JPMorgan Chase & Co. boosted its position in Tri-Continental by 218.4% in the third quarter. JPMorgan Chase & Co. now owns 13,160 shares of the investment management company’s stock valued at $435,000 after buying an additional 9,027 shares in the last quarter. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Up 1.0 %

Shares of Tri-Continental stock opened at $32.35 on Tuesday. The firm’s 50-day moving average price is $32.80 and its two-hundred day moving average price is $32.43. Tri-Continental Co. has a 1-year low of $28.39 and a 1-year high of $34.82.

Tri-Continental Cuts Dividend

The firm also recently declared a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were given a dividend of $0.285 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 3.3%.

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.