Tri Continental Corporation (TY) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Tri Continental Corporation (NYSE:TY) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,033 shares of the investment management company’s stock after purchasing an additional 11,678 shares during the quarter. Wells Fargo & Company MN’s holdings in Tri Continental Corporation were worth $4,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Tri Continental Corporation by 8.9% in the second quarter. Janney Montgomery Scott LLC now owns 11,093 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 902 shares during the period. Kelman Lazarov Inc. boosted its holdings in shares of Tri Continental Corporation by 4.7% in the second quarter. Kelman Lazarov Inc. now owns 80,100 shares of the investment management company’s stock valued at $1,950,000 after acquiring an additional 3,599 shares during the period. IFP Advisors Inc boosted its holdings in shares of Tri Continental Corporation by 425.6% in the second quarter. IFP Advisors Inc now owns 5,519 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 4,469 shares during the period. First Trust Advisors LP boosted its holdings in shares of Tri Continental Corporation by 13.6% in the second quarter. First Trust Advisors LP now owns 69,899 shares of the investment management company’s stock valued at $1,702,000 after acquiring an additional 8,368 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Tri Continental Corporation in the second quarter valued at approximately $206,000. 13.24% of the stock is owned by hedge funds and other institutional investors.

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Shares of Tri Continental Corporation (TY) opened at 25.88 on Friday. The stock has a 50 day moving average price of $25.31 and a 200 day moving average price of $24.41. Tri Continental Corporation has a 12-month low of $20.60 and a 12-month high of $25.98.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 26th. Stockholders of record on Monday, September 18th were given a $0.2614 dividend. This is a positive change from Tri Continental Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.05 annualized dividend and a dividend yield of 4.04%.

Tri Continental Corporation Profile

Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.

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Institutional Ownership by Quarter for Tri Continental Corporation (NYSE:TY)

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