1,100 Shares in Tri-Continental Co. (NYSE:TY) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust bought a new stake in Tri-Continental Co. (NYSE:TY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,100 shares of the investment management company’s stock, valued at approximately $35,000.

A number of other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Tri-Continental in the fourth quarter worth $10,315,000. Kovitz Investment Group Partners LLC acquired a new stake in Tri-Continental in the 3rd quarter valued at $7,366,000. EP Wealth Advisors LLC acquired a new stake in Tri-Continental in the 3rd quarter valued at $3,411,000. Platform Technology Partners lifted its position in Tri-Continental by 69.0% during the 4th quarter. Platform Technology Partners now owns 97,531 shares of the investment management company’s stock worth $3,091,000 after buying an additional 39,819 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake 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. Institutional investors and hedge funds own 10.22% of the company’s stock.

Insider Transactions at Tri-Continental

In other news, Director Pamela G. Carlton sold 1,815 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $31.23, for a total transaction of $56,682.45. Following the transaction, the director now directly owns 101 shares in the company, valued at $3,154.23. The trade was a 94.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.66% of the company’s stock.

Tri-Continental Stock Up 1.0 %

NYSE:TY opened at $31.32 on Wednesday. Tri-Continental Co. has a 52-week low of $29.17 and a 52-week high of $34.82. The stock’s 50-day simple moving average is $32.00 and its 200 day simple moving average is $32.59.

Tri-Continental Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.2766 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Tuesday, March 18th.

Tri-Continental Company 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.