1,575 Shares in Tri Continental Corporation (NYSE:TY) Acquired by Costello Asset Management INC

by · The Cerbat Gem

Costello Asset Management INC bought a new position in Tri Continental Corporation (NYSE:TY – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,575 shares of the investment management company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TY. Allspring Global Investments Holdings LLC grew its holdings in Tri Continental by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 276,551 shares of the investment management company’s stock valued at $8,482,000 after buying an additional 3,539 shares in the last quarter. Shaker Financial Services LLC grew its holdings in Tri Continental by 1.9% during the 4th quarter. Shaker Financial Services LLC now owns 164,067 shares of the investment management company’s stock valued at $5,199,000 after buying an additional 3,010 shares in the last quarter. Cornerstone Advisory LLC boosted its position in shares of Tri Continental by 2.3% during the 1st quarter. Cornerstone Advisory LLC now owns 132,096 shares of the investment management company’s stock valued at $3,969,000 after acquiring an additional 3,001 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Tri Continental by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 128,651 shares of the investment management company’s stock valued at $4,077,000 after acquiring an additional 3,523 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Tri Continental by 0.9% during the 4th quarter. Stifel Financial Corp now owns 95,546 shares of the investment management company’s stock valued at $3,028,000 after acquiring an additional 844 shares during the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

Tri Continental Trading Up 0.2%

NYSE TY opened at $32.49 on Wednesday. Tri Continental Corporation has a one year low of $26.54 and a one year high of $34.82. The stock has a 50 day moving average price of $31.76 and a 200-day moving average price of $31.21.

Tri Continental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Monday, June 16th were given a $0.29 dividend. This is a boost from Tri Continental’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, June 16th.

Tri Continental Company Profile

(Free Report)

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.

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