Allspring Global Investments Holdings LLC trimmed its stake in shares of Tri-Continental Co. (NYSE:TY - Free Report) by 22.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,380 shares of the investment management company's stock after selling 122,164 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.79% of Tri-Continental worth $13,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Savant Capital LLC raised its holdings in Tri-Continental by 26.3% in the 4th quarter. Savant Capital LLC now owns 21,378 shares of the investment management company's stock worth $616,000 after purchasing an additional 4,458 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Tri-Continental by 14.1% in the 4th quarter. Private Advisor Group LLC now owns 10,307 shares of the investment management company's stock worth $297,000 after acquiring an additional 1,275 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Tri-Continental in the 4th quarter valued at approximately $250,000. Wells Fargo & Company MN boosted its position in shares of Tri-Continental by 6.0% during the fourth quarter. Wells Fargo & Company MN now owns 269,748 shares of the investment management company's stock valued at $7,777,000 after purchasing an additional 15,351 shares in the last quarter. Finally, 1620 Investment Advisors Inc. grew its stake in Tri-Continental by 1.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 87,228 shares of the investment management company's stock worth $2,515,000 after purchasing an additional 1,302 shares during the period. 10.22% of the stock is owned by hedge funds and other institutional investors.
Tri-Continental Stock Up 0.4 %
Shares of NYSE:TY traded up $0.13 during midday trading on Friday, reaching $32.24. The company's stock had a trading volume of 32,999 shares, compared to its average volume of 39,621. The firm has a 50 day moving average of $31.34 and a 200-day moving average of $30.57. Tri-Continental Co. has a 12-month low of $25.16 and a 12-month high of $32.39.
About Tri-Continental
(
Free Report)
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.
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