Brown Lisle Cummings Inc. Has $190,000 Stake in Tri-Continental Co. (NYSE:TY)

Brown Lisle Cummings Inc. reduced its position in shares of Tri-Continental Co. (NYSE:TY) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,000 shares of the investment management company’s stock after selling 800 shares during the period. Brown Lisle Cummings Inc.’s holdings in Tri-Continental were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TY. International Assets Investment Management LLC grew its position in shares of 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 purchasing an additional 225,264 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 579 shares in the last quarter. Shaker Financial Services LLC increased its stake in Tri-Continental by 69.7% during the 3rd quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after acquiring an additional 66,148 shares during the period. Creative Planning raised its holdings in 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of 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 acquiring an additional 15,350 shares during the period. 10.22% of the stock is currently owned by institutional investors.

Tri-Continental Price Performance

TY opened at $32.58 on Wednesday. The business’s fifty day moving average is $32.57 and its 200-day moving average is $32.52. Tri-Continental Co. has a 52-week low of $28.84 and a 52-week high of $34.82.

Tri-Continental Cuts Dividend

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