226,093 Shares in Tri-Continental Co. (NYSE:TY) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new stake in Tri-Continental Co. (NYSE:TY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 226,093 shares of the investment management company’s stock, valued at approximately $7,366,000. Kovitz Investment Group Partners LLC owned 0.42% of Tri-Continental as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Tri-Continental by 3,203.9% in the third quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company’s stock valued at $7,031,000 after purchasing an additional 225,264 shares during the period. Wolverine Asset Management LLC boosted its stake in shares of Tri-Continental by 127.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 120,710 shares of the investment management company’s stock valued at $3,988,000 after buying an additional 67,577 shares during the period. Shaker Financial Services LLC grew its position in shares of Tri-Continental by 69.7% during the third quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after buying an additional 66,148 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Tri-Continental during the second quarter worth approximately $1,852,000. Finally, Platform Technology Partners acquired a new stake in Tri-Continental in the third quarter valued at approximately $1,907,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Stock Up 0.2 %

Tri-Continental stock opened at $34.67 on Friday. The company has a fifty day simple moving average of $33.54 and a 200-day simple moving average of $32.14. Tri-Continental Co. has a 12-month low of $27.24 and a 12-month high of $34.82.

Tri-Continental Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.285 per share. The ex-dividend date is Friday, December 13th. This represents a dividend yield of 3.3%.

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.