Tri-Continental (NYSE:TY) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Tri-Continental Co. (NYSE:TY) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.39 and traded as low as $30.97. Tri-Continental shares last traded at $31.36, with a volume of 60,292 shares trading hands.

Tri-Continental Stock Up 1.6 %

The firm has a fifty day moving average price of $32.95 and a two-hundred day moving average price of $32.40.

Tri-Continental Cuts Dividend

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

Institutional Investors Weigh In On Tri-Continental

Large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in shares of Tri-Continental by 0.4% during the third quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock valued at $2,689,000 after acquiring an additional 360 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $111,000 after purchasing an additional 579 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Tri-Continental by 1.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,004 shares of the investment management company’s stock worth $2,135,000 after buying an additional 720 shares during the period. US Bancorp DE lifted its holdings in shares of Tri-Continental by 16.4% in the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after buying an additional 796 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in shares of Tri-Continental by 4.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 30,659 shares of the investment management company’s stock worth $1,013,000 after buying an additional 1,321 shares in the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

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.