9258 Wealth Management LLC Purchases Shares of 6,928 Tri-Continental Co. (NYSE:TY)

9258 Wealth Management LLC purchased a new stake in Tri-Continental Co. (NYSE:TY) in the 1st quarter, Holdings Channel.com reports. The fund purchased 6,928 shares of the investment management company’s stock, valued at approximately $213,000.

Several other institutional investors also recently bought and sold shares of the business. YHB Investment Advisors Inc. purchased a new stake in Tri-Continental during the 1st quarter worth $158,000. Independent Family Office LLC purchased a new stake in Tri-Continental during the 4th quarter worth $201,000. EP Wealth Advisors LLC purchased a new stake in Tri-Continental during the 4th quarter worth $212,000. Prentiss Smith & Co. Inc. purchased a new stake in Tri-Continental during the 4th quarter worth $230,000. Finally, Apollon Wealth Management LLC purchased a new stake in Tri-Continental during the 4th quarter worth $250,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Tri-Continental Stock Down 0.4 %

Tri-Continental stock traded down $0.13 during trading on Thursday, reaching $31.50. 41,154 shares of the company’s stock were exchanged, compared to its average volume of 37,476. The company’s 50-day moving average is $30.72 and its two-hundred day moving average is $29.92. Tri-Continental Co. has a 52-week low of $25.16 and a 52-week high of $31.77.

Tri-Continental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were given a $0.29 dividend. This is a boost from Tri-Continental’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Monday, June 10th.

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.