Tri Continental Corporation (TY) Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in Tri Continental Corporation (NYSE:TY) by 53.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,470 shares of the investment management company’s stock after selling 33,138 shares during the quarter. Citigroup Inc.’s holdings in Tri Continental Corporation were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TY. IFP Advisors Inc increased its holdings in Tri Continental Corporation by 425.6% in the second quarter. IFP Advisors Inc now owns 5,519 shares of the investment management company’s stock valued at $134,000 after buying an additional 4,469 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in Tri Continental Corporation in the second quarter valued at about $206,000. Janney Montgomery Scott LLC increased its holdings in Tri Continental Corporation by 8.9% in the second quarter. Janney Montgomery Scott LLC now owns 11,093 shares of the investment management company’s stock valued at $270,000 after buying an additional 902 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Tri Continental Corporation in the second quarter valued at about $324,000. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Tri Continental Corporation by 91.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 19,739 shares of the investment management company’s stock valued at $481,000 after buying an additional 9,439 shares during the last quarter. 13.24% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/tri-continental-corporation-ty-shares-sold-by-citigroup-inc.html.

Shares of Tri Continental Corporation (NYSE:TY) opened at 25.87 on Wednesday. Tri Continental Corporation has a one year low of $20.60 and a one year high of $25.98. The company has a 50-day moving average price of $25.26 and a 200 day moving average price of $24.39.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Monday, September 18th were given a $0.2614 dividend. This represents a $1.05 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Tri Continental Corporation’s previous quarterly dividend of $0.25.

About Tri Continental Corporation

Tri-Continental Corporation (the Fund) i

A number of other institutional investors have also recently made changes to their positions in TY. IFP Advisors Inc increased its holdings in Tri Continental Corporation by 425.6% in the second quarter. IFP Advisors Inc now owns 5,519 shares of the investment management company’s stock valued at $134,000 after buying an additional 4,469 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in Tri Continental Corporation in the second quarter valued at about $206,000. Janney Montgomery Scott LLC increased its holdings in Tri Continental Corporation by 8.9% in the second quarter. Janney Montgomery Scott LLC now owns 11,093 shares of the investment management company’s stock valued at $270,000 after buying an additional 902 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Tri Continental Corporation in the second quarter valued at about $324,000. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Tri Continental Corporation by 91.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 19,739 shares of the investment management company’s stock valued at $481,000 after buying an additional 9,439 shares during the last quarter. 13.24% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/tri-continental-corporation-ty-shares-sold-by-citigroup-inc.html.

Shares of Tri Continental Corporation (NYSE:TY) opened at 25.87 on Wednesday. Tri Continental Corporation has a one year low of $20.60 and a one year high of $25.98. The company has a 50-day moving average price of $25.26 and a 200 day moving average price of $24.39.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Monday, September 18th were given a $0.2614 dividend. This represents a $1.05 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Tri Continental Corporation’s previous quarterly dividend of $0.25.

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.

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

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