Tri Continental Corporation $TY Stock Holdings Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Tri Continental Corporation (NYSE:TY) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 416,728 shares of the investment management company’s stock after selling 28,886 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tri Continental were worth $14,310,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Tri Continental in the second quarter valued at approximately $1,637,000. Shaker Financial Services LLC bought a new position in shares of Tri Continental during the third quarter worth approximately $2,987,000. EP Wealth Advisors LLC acquired a new stake in Tri Continental in the second quarter valued at approximately $2,584,000. Beckerman Institutional LLC acquired a new position in shares of Tri Continental in the second quarter worth approximately $1,378,000. Finally, Saba Capital Management L.P. boosted its holdings in shares of Tri Continental by 4.8% during the 1st quarter. Saba Capital Management L.P. now owns 735,098 shares of the investment management company’s stock worth $23,222,000 after buying an additional 33,497 shares in the last quarter. Institutional investors own 10.22% of the company’s stock.

Tri Continental Trading Down 0.4%

Shares of Tri Continental stock opened at $33.94 on Friday. The business’s fifty day simple moving average is $34.52 and its 200 day simple moving average is $34.22. Tri Continental Corporation has a 12 month low of $30.53 and a 12 month high of $36.55.

Tri Continental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, September 14th were paid a $0.2962 dividend. The ex-dividend date of this dividend was Monday, September 14th. This is a boost from Tri Continental’s previous quarterly dividend of $0.2852. This represents a $1.18 annualized dividend and a dividend yield of 3.5%.

About Tri Continental

Tri-Continental Corporation (NYSE: TY) is a diversified closed-end investment company. Rather than operating a traditional business, it invests in a portfolio of securities with the objective of providing long-term growth of capital and income. The fund invests primarily in stocks and may also hold other securities, including bonds and convertible securities. Its portfolio can include investments in U.S. and international companies, giving shareholders exposure to a range of businesses and industries.