Tri-Continental Co. (NYSE:TY) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in Tri-Continental Co. (NYSE:TY) by 21.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 97,603 shares of the investment management company’s stock after selling 26,215 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Tri-Continental were worth $3,093,000 as of its most recent SEC filing.

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

Tri-Continental Stock Performance

Shares of TY opened at $32.05 on Friday. The business’s fifty day moving average price is $32.91 and its 200 day moving average price is $32.39. Tri-Continental Co. has a 12-month low of $28.35 and a 12-month high of $34.82.

Tri-Continental Cuts Dividend

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