Tri-Continental Co. (NYSE:TY) Shares Sold by Heritage Wealth Advisors

Heritage Wealth Advisors reduced its position in shares of Tri-Continental Co. (NYSE:TY) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,028 shares of the investment management company’s stock after selling 1,155 shares during the period. Heritage Wealth Advisors’ holdings in Tri-Continental were worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in Tri-Continental by 8.1% in the third quarter. Thrivent Financial for Lutherans now owns 56,128 shares of the investment management company’s stock valued at $1,855,000 after buying an additional 4,208 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Tri-Continental by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock valued at $2,689,000 after acquiring an additional 360 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. Kovitz Investment Group Partners LLC purchased a new stake in Tri-Continental during the third quarter worth approximately $7,366,000. Finally, EP Wealth Advisors LLC acquired a new position in Tri-Continental in the third quarter valued at approximately $3,411,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Insider Activity at Tri-Continental

In related news, Director Pamela G. Carlton sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $31.23, for a total transaction of $56,682.45. Following the transaction, the director now owns 101 shares in the company, valued at $3,154.23. This trade represents a 94.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.66% of the stock is owned by corporate insiders.

Tri-Continental Trading Up 1.0 %

Shares of Tri-Continental stock opened at $31.32 on Wednesday. Tri-Continental Co. has a 52 week low of $29.17 and a 52 week high of $34.82. The firm’s 50 day moving average is $32.00 and its two-hundred day moving average is $32.59.

Tri-Continental Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.2766 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.11 annualized dividend and a yield of 3.53%.

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.