Crews Bank & Trust Purchases New Shares in Tri-Continental Co. (NYSE:TY)

Crews Bank & Trust purchased a new stake in Tri-Continental Co. (NYSE:TY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,509 shares of the investment management company’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. boosted its position in shares of Tri-Continental by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock valued at $2,689,000 after purchasing an additional 360 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Tri-Continental by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,876 shares of the investment management company’s stock valued at $345,000 after purchasing an additional 507 shares during the period. Cora Capital Advisors LLC boosted its position in shares of Tri-Continental by 5.0% in the 4th quarter. Cora Capital Advisors LLC now owns 11,005 shares of the investment management company’s stock valued at $349,000 after purchasing an additional 522 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Tri-Continental by 19.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 579 shares during the period. Finally, Successful Portfolios LLC boosted its position in shares of Tri-Continental by 4.0% in the 4th quarter. Successful Portfolios LLC now owns 15,605 shares of the investment management company’s stock valued at $495,000 after purchasing an additional 593 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Trading Down 0.1 %

NYSE:TY opened at $32.66 on Friday. Tri-Continental Co. has a 1-year low of $28.84 and a 1-year high of $34.82. The stock has a fifty day simple moving average of $32.66 and a 200 day simple moving average of $32.48.

Tri-Continental Cuts Dividend

The firm 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. This represents a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.

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.