Delta Capital Management LLC Sells 10,000 Shares of Tri-Continental Co. (NYSE:TY)

Delta Capital Management LLC lessened its holdings in Tri-Continental Co. (NYSE:TY) by 42.8% during the 4th quarter, HoldingsChannel reports. The firm owned 13,342 shares of the investment management company’s stock after selling 10,000 shares during the period. Delta Capital Management LLC’s holdings in Tri-Continental were worth $423,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in Tri-Continental during the second quarter worth approximately $327,000. Northwestern Mutual Wealth Management Co. boosted its stake in Tri-Continental by 19.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock worth $111,000 after buying an additional 579 shares during the period. Sanctuary Advisors LLC bought a new position in Tri-Continental during the second quarter valued at $1,852,000. Creative Planning raised its position in Tri-Continental by 74.8% in the 3rd quarter. Creative Planning now owns 25,860 shares of the investment management company’s stock worth $854,000 after purchasing an additional 11,067 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Tri-Continental by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after buying an additional 15,350 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri-Continental Trading Up 1.0 %

TY stock opened at $32.35 on Friday. Tri-Continental Co. has a twelve month low of $28.39 and a twelve month high of $34.82. The business’s fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $32.41.

Tri-Continental Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a 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.