UBS Group AG Has $8.56 Million Stock Holdings in Tri Continental Corporation $TY

UBS Group AG lessened its stake in Tri Continental Corporation (NYSE:TY) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 262,197 shares of the investment management company’s stock after selling 31,601 shares during the quarter. UBS Group AG owned 0.50% of Tri Continental worth $8,563,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC increased its stake in Tri Continental by 16.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 44,812 shares of the investment management company’s stock valued at $1,464,000 after buying an additional 6,410 shares during the period. Cora Capital Advisors LLC increased its stake in Tri Continental by 6.3% in the 4th quarter. Cora Capital Advisors LLC now owns 11,981 shares of the investment management company’s stock valued at $391,000 after buying an additional 706 shares during the period. Cornerstone Advisory LLC increased its stake in Tri Continental by 4.6% in the 4th quarter. Cornerstone Advisory LLC now owns 147,472 shares of the investment management company’s stock valued at $4,816,000 after buying an additional 6,479 shares during the period. Financial Plan Inc. acquired a new position in Tri Continental in the 4th quarter valued at approximately $392,000. Finally, Retirement Income Solutions Inc. acquired a new position in Tri Continental in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri Continental Trading Down 0.0%

Tri Continental stock opened at $34.54 on Monday. The firm’s 50 day moving average price is $32.91 and its two-hundred day moving average price is $33.27. Tri Continental Corporation has a twelve month low of $30.40 and a twelve month high of $35.05.

Tri Continental Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 17th were paid a $0.2848 dividend. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, March 17th.

Tri Continental Profile

Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.

The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.