Wolverine Asset Management LLC Buys 67,577 Shares of Tri-Continental Co. (NYSE:TY)

Wolverine Asset Management LLC boosted its position in Tri-Continental Co. (NYSE:TY) by 127.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,710 shares of the investment management company’s stock after purchasing an additional 67,577 shares during the period. Wolverine Asset Management LLC’s holdings in Tri-Continental were worth $3,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TY. Atwood & Palmer Inc. purchased a new position in shares of Tri-Continental in the second quarter worth about $84,000. Motco bought a new stake in Tri-Continental during the 1st quarter valued at $108,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 579 shares during the period. US Bancorp DE lifted its position in shares of Tri-Continental by 16.4% during the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after acquiring an additional 796 shares in the last quarter. Finally, Choate Investment Advisors bought a new position in shares of Tri-Continental in the first quarter worth $213,000. 10.22% of the stock is owned by institutional investors.

Tri-Continental Trading Up 0.6 %

Shares of NYSE TY opened at $34.10 on Monday. The stock has a fifty day moving average of $32.83 and a 200-day moving average of $31.61. Tri-Continental Co. has a fifty-two week low of $26.20 and a fifty-two week high of $34.17.

Tri-Continental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Tri-Continental’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a dividend yield of 3.41%.

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.