Relative Value Partners Group LLC trimmed its position in shares of Tri Continental Corporation (NYSE:TY) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,375,752 shares of the investment management company’s stock after selling 77,308 shares during the period. Tri Continental Corporation accounts for 4.1% of Relative Value Partners Group LLC’s investment portfolio, making the stock its 5th biggest holding. Relative Value Partners Group LLC owned 2.46% of Tri Continental Corporation worth $35,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TY. Royal Bank of Canada grew its holdings in shares of Tri Continental Corporation by 1.0% during the 2nd quarter. Royal Bank of Canada now owns 71,567 shares of the investment management company’s stock valued at $1,743,000 after acquiring an additional 674 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Tri Continental Corporation by 8.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,093 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 902 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Tri Continental Corporation by 262.1% during the 2nd quarter. Advisor Group Inc. now owns 4,479 shares of the investment management company’s stock valued at $110,000 after acquiring an additional 3,242 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Tri Continental Corporation by 425.6% during the 2nd quarter. IFP Advisors Inc now owns 5,519 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 4,469 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Tri Continental Corporation by 17.0% during the 2nd quarter. Stifel Financial Corp now owns 44,998 shares of the investment management company’s stock valued at $1,094,000 after acquiring an additional 6,533 shares in the last quarter. Hedge funds and other institutional investors own 13.78% of the company’s stock.

Tri Continental Corporation (NYSE:TY) traded up $0.09 during trading on Friday, hitting $26.17. 45,300 shares of the stock traded hands, compared to its average volume of 70,514. Tri Continental Corporation has a fifty-two week low of $21.55 and a fifty-two week high of $26.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.3094 per share. This is a boost from Tri Continental Corporation’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a dividend yield of 4.73%.

ILLEGAL ACTIVITY WARNING: “Tri Continental Corporation (TY) Holdings Trimmed by Relative Value Partners Group LLC” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.watchlistnews.com/tri-continental-corporation-ty-holdings-trimmed-by-relative-value-partners-group-llc/1724299.html.

About Tri Continental Corporation

Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.

Want to see what other hedge funds are holding TY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri Continental Corporation (NYSE:TY).

Institutional Ownership by Quarter for Tri Continental Corporation (NYSE:TY)

Receive News & Ratings for Tri Continental Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri Continental Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.