American Institute for Advanced Investment Management LLP Has $363,000 Stock Holdings in Tri-Continental Co. (NYSE:TY)

American Institute for Advanced Investment Management LLP lifted its position in shares of Tri-Continental Co. (NYSE:TY) by 6.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,440 shares of the investment management company’s stock after acquiring an additional 657 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Tri-Continental were worth $363,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TY. Kovitz Investment Group Partners LLC acquired a new stake in Tri-Continental in the 3rd quarter worth about $7,366,000. International Assets Investment Management LLC increased its holdings in shares of Tri-Continental by 3,203.9% during the third 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 during the period. EP Wealth Advisors LLC acquired a new stake in shares of Tri-Continental in the third quarter valued at approximately $3,411,000. Wolverine Asset Management LLC boosted its stake in shares of Tri-Continental by 127.2% in the third quarter. Wolverine Asset Management LLC now owns 120,710 shares of the investment management company’s stock valued at $3,988,000 after buying an additional 67,577 shares during the period. Finally, Shaker Financial Services LLC grew its position in Tri-Continental by 69.7% during the third quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company’s stock worth $5,321,000 after buying an additional 66,148 shares in the last quarter. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

Tri-Continental stock opened at $32.71 on Thursday. The stock’s fifty day moving average price is $32.68 and its two-hundred day moving average price is $32.48. Tri-Continental Co. has a one year low of $28.84 and a one year high of $34.82.

Tri-Continental Cuts Dividend

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

About Tri-Continental

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.