Tri Continental Corporation $TY Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in shares of Tri Continental Corporation (NYSE:TY) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,715 shares of the investment management company’s stock after selling 2,284 shares during the quarter. D.A. Davidson & CO.’s holdings in Tri Continental were worth $2,302,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Tower Wealth Partners Inc. grew its holdings in Tri Continental by 3.4% during the 2nd quarter. Tower Wealth Partners Inc. now owns 14,323 shares of the investment management company’s stock valued at $453,000 after buying an additional 471 shares during the last quarter. MGO One Seven LLC grew its holdings in Tri Continental by 2.8% during the 2nd quarter. MGO One Seven LLC now owns 21,101 shares of the investment management company’s stock valued at $668,000 after buying an additional 584 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Tri Continental by 12.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 311,551 shares of the investment management company’s stock valued at $9,864,000 after buying an additional 35,000 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Tri Continental by 2.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 35,443 shares of the investment management company’s stock valued at $1,122,000 after buying an additional 679 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Tri Continental during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri Continental Trading Up 0.4%

Shares of NYSE:TY opened at $34.22 on Friday. The business’s fifty day moving average price is $33.78 and its two-hundred day moving average price is $32.06. Tri Continental Corporation has a one year low of $26.54 and a one year high of $34.82.

Tri Continental Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Tuesday, September 16th were issued a $0.2654 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.06 annualized dividend and a yield of 3.1%.

About Tri Continental

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.