Tri Continental Corporation $TY Shares Purchased by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC raised its stake in shares of Tri Continental Corporation (NYSE:TY) by 178.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,059 shares of the investment management company’s stock after purchasing an additional 18,634 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Tri Continental were worth $998,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Saba Capital Management L.P. boosted its holdings in shares of Tri Continental by 4.8% in the 1st quarter. Saba Capital Management L.P. now owns 735,098 shares of the investment management company’s stock valued at $23,222,000 after purchasing an additional 33,497 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Tri Continental by 9.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 366,014 shares of the investment management company’s stock valued at $11,562,000 after buying an additional 31,757 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Tri Continental by 8.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 156,550 shares of the investment management company’s stock valued at $5,388,000 after acquiring an additional 11,778 shares during the last quarter. Cornerstone Advisory LLC boosted its holdings in Tri Continental by 2.8% in the first quarter. Cornerstone Advisory LLC now owns 151,571 shares of the investment management company’s stock valued at $4,788,000 after acquiring an additional 4,099 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in Tri Continental during the third quarter valued at about $2,987,000. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Tri Continental Stock Performance

Shares of NYSE:TY opened at $33.75 on Friday. The business has a 50-day moving average of $34.65 and a two-hundred day moving average of $34.19. Tri Continental Corporation has a 12 month low of $30.53 and a 12 month high of $36.55.

Tri Continental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th were issued a dividend of $0.2962 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, September 14th. This is an increase from Tri Continental’s previous quarterly dividend of $0.2852.

Tri Continental Profile

Tri-Continental Corporation is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol TY. Rather than operating a commercial business, the company manages a diversified portfolio of investments for its stockholders.

The fund invests primarily in publicly traded securities, including common stocks, preferred stocks, convertible securities and fixed-income investments. Its objective is long-term capital growth, with current income as a secondary consideration.