First Community Trust NA Has $48,000 Position in Tri-Continental Co. (NYSE:TY)

First Community Trust NA decreased its holdings in shares of Tri-Continental Co. (NYSE:TY) by 50.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,500 shares of the investment management company’s stock after selling 1,500 shares during the period. First Community Trust NA’s holdings in Tri-Continental were worth $48,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Tri-Continental during the second quarter worth $327,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Tri-Continental by 19.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock worth $111,000 after buying an additional 579 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Tri-Continental in the 2nd quarter valued at about $1,852,000. Creative Planning increased its stake in shares of Tri-Continental by 74.8% in the 3rd quarter. Creative Planning now owns 25,860 shares of the investment management company’s stock valued at $854,000 after acquiring an additional 11,067 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Tri-Continental by 3.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock valued at $14,595,000 after acquiring an additional 15,350 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Price Performance

Tri-Continental stock opened at $31.44 on Wednesday. Tri-Continental Co. has a fifty-two week low of $28.35 and a fifty-two week high of $34.82. The company’s 50 day simple moving average is $32.98 and its 200 day simple moving average is $32.39.

Tri-Continental Cuts Dividend

The company also recently declared a — dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 13th were issued a $0.285 dividend. This represents a dividend 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.