Mezzasalma Advisors LLC Takes Position in Tri-Continental Co. (NYSE:TY)

Mezzasalma Advisors LLC purchased a new position in shares of Tri-Continental Co. (NYSE:TY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,494 shares of the investment management company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Tri-Continental by 19.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,577 shares of the investment management company’s stock worth $111,000 after purchasing an additional 579 shares during the period. Creative Planning lifted its position in Tri-Continental by 74.8% during the third quarter. Creative Planning now owns 25,860 shares of the investment management company’s stock worth $854,000 after purchasing an additional 11,067 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Tri-Continental by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company’s stock worth $14,595,000 after buying an additional 15,350 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Tri-Continental by 3,203.9% in the 3rd quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company’s stock valued at $7,031,000 after buying an additional 225,264 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tri-Continental by 8.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 125,128 shares of the investment management company’s stock worth $4,134,000 after acquiring an additional 9,315 shares during the period. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Price Performance

Shares of NYSE:TY opened at $32.57 on Friday. Tri-Continental Co. has a 1 year low of $29.01 and a 1 year high of $34.82. The company’s 50 day simple moving average is $32.47 and its 200 day simple moving average is $32.53.

Tri-Continental Cuts Dividend

The business also recently declared a — dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 13th were issued a dividend of $0.285 per share. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, December 13th.

About Tri-Continental

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.