8,177 Shares in Tri-Continental Co. (NYSE:TY) Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC acquired a new position in shares of Tri-Continental Co. (NYSE:TY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,177 shares of the investment management company’s stock, valued at approximately $259,000.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Tri-Continental during the 4th quarter worth approximately $10,315,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Tri-Continental in the 3rd quarter valued at $7,366,000. EP Wealth Advisors LLC acquired a new stake in shares of Tri-Continental in the 3rd quarter valued at $3,411,000. Platform Technology Partners increased its stake in shares of Tri-Continental by 69.0% in the 4th quarter. Platform Technology Partners now owns 97,531 shares of the investment management company’s stock valued at $3,091,000 after purchasing an additional 39,819 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Tri-Continental by 95.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 59,871 shares of the investment management company’s stock worth $1,897,000 after buying an additional 29,212 shares during the last quarter. 10.22% of the stock is owned by institutional investors.

Tri-Continental Stock Up 0.2 %

NYSE:TY opened at $30.73 on Wednesday. Tri-Continental Co. has a twelve month low of $29.17 and a twelve month high of $34.82. The stock’s 50-day simple moving average is $31.87 and its 200 day simple moving average is $32.55.

Tri-Continental Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 18th were issued a dividend of $0.2766 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Tuesday, March 18th.

Insider Buying and Selling

In other Tri-Continental news, Director Pamela G. Carlton sold 1,815 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $31.23, for a total transaction of $56,682.45. Following the sale, the director now owns 101 shares of the company’s stock, valued at approximately $3,154.23. The trade was a 94.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.66% of the stock is owned by corporate insiders.

Tri-Continental 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.