Delta Capital Management LLC Trims Holdings in Tri-Continental Co. (NYSE:TY)

Delta Capital Management LLC reduced its holdings in shares of Tri-Continental Co. (NYSE:TY) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,342 shares of the investment management company’s stock after selling 10,000 shares during the period. Delta Capital Management LLC’s holdings in Tri-Continental were worth $423,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new position in Tri-Continental during the second quarter valued at $327,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 valued at $111,000 after acquiring an additional 579 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Tri-Continental in the 2nd quarter worth about $1,852,000. Creative Planning boosted its stake in Tri-Continental by 74.8% in the 3rd 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Tri-Continental by 3.6% during 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 purchasing an additional 15,350 shares during the last quarter. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Up 1.0 %

Shares of Tri-Continental stock opened at $32.35 on Friday. The company has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $32.41. Tri-Continental Co. has a 52-week low of $28.39 and a 52-week high of $34.82.

Tri-Continental Cuts Dividend

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

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.