Tri-Continental Co. (NYSE:TY) Position Cut by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC decreased its holdings in Tri-Continental Co. (NYSE:TY) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,016 shares of the investment management company’s stock after selling 592 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in Tri-Continental were worth $339,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Stolper Co increased its holdings in shares of Tri-Continental by 0.7% in the first 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 in the last quarter. Janney Montgomery Scott LLC grew its stake in Tri-Continental by 7.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,298 shares of the investment management company’s stock valued at $487,000 after acquiring an additional 1,230 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Tri-Continental by 14.1% in the 4th quarter. Private Advisor Group LLC now owns 10,307 shares of the investment management company’s stock valued at $297,000 after purchasing an additional 1,275 shares during the period. 1620 Investment Advisors Inc. increased its position in Tri-Continental by 1.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 87,228 shares of the investment management company’s stock worth $2,515,000 after buying an additional 1,302 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in Tri-Continental by 26.3% during the fourth quarter. Savant Capital LLC now owns 21,378 shares of the investment management company’s stock valued at $616,000 after buying an additional 4,458 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri-Continental Stock Performance

NYSE TY traded down $0.04 during trading on Wednesday, hitting $30.79. The company’s stock had a trading volume of 2,313 shares, compared to its average volume of 36,716. Tri-Continental Co. has a 52 week low of $25.16 and a 52 week high of $31.28. The firm has a 50 day moving average price of $30.38 and a 200 day moving average price of $29.72.

Tri-Continental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were issued a dividend of $0.29 per share. This is a positive change from Tri-Continental’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, June 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.77%.

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.