Foundations Investment Advisors LLC Purchases 732 Shares of Tri-Continental Co. (NYSE:TY)

Foundations Investment Advisors LLC increased its holdings in Tri-Continental Co. (NYSE:TY) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,200 shares of the investment management company’s stock after buying an additional 732 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Tri-Continental were worth $355,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted 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 valued at $111,000 after purchasing an additional 579 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Tri-Continental during the 2nd quarter valued at about $1,852,000. Creative Planning grew its stake in shares of Tri-Continental by 74.8% during 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 period. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $14,595,000 after acquiring an additional 15,350 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Tri-Continental by 3,203.9% during the 3rd quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company’s stock worth $7,031,000 after acquiring an additional 225,264 shares during the period. 10.22% of the stock is currently owned by institutional investors.

Tri-Continental Price Performance

Shares of NYSE TY opened at $32.66 on Friday. Tri-Continental Co. has a 1 year low of $28.84 and a 1 year high of $34.82. The firm has a fifty day moving average price of $32.66 and a 200-day moving average price of $32.48.

Tri-Continental Cuts Dividend

The business also recently announced 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 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.