JSF Financial LLC Makes New Investment in Tri-Continental Co. (NYSE:TY)

JSF Financial LLC bought a new position in Tri-Continental Co. (NYSE:TY) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 9,787 shares of the investment management company’s stock, valued at approximately $310,000.

Other large investors have also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Tri-Continental by 16.4% during the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock valued at $187,000 after buying an additional 796 shares during the period. Mezzasalma Advisors LLC bought a new position in Tri-Continental in the 4th quarter valued at $206,000. Walleye Capital LLC purchased a new stake in Tri-Continental in the third quarter worth $269,000. Crews Bank & Trust bought a new stake in shares of Tri-Continental during the fourth quarter worth $270,000. Finally, Apollon Wealth Management LLC boosted its stake in shares of Tri-Continental by 14.0% during the fourth quarter. Apollon Wealth Management LLC now owns 10,255 shares of the investment management company’s stock valued at $325,000 after purchasing an additional 1,259 shares during the period. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Down 0.3 %

TY stock opened at $32.46 on Tuesday. Tri-Continental Co. has a 12 month low of $29.01 and a 12 month high of $34.82. The firm’s 50-day moving average is $32.43 and its 200 day moving average is $32.56.

Tri-Continental Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were paid a $0.285 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 3.3%.

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.