Baltimore Washington Financial Advisors Inc. purchased a new stake in Tri-Continental Co. (NYSE:TY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 57,192 shares of the investment management company's stock, valued at approximately $1,771,000. Baltimore Washington Financial Advisors Inc. owned about 0.11% of Tri-Continental at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in TY. First Merchants Corp bought a new stake in Tri-Continental during the second quarter valued at $855,000. Wells Fargo & Company MN lifted its stake in Tri-Continental by 6.0% in 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 buying an additional 15,351 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Tri-Continental by 105.3% during the 1st quarter. Cetera Advisors LLC now owns 16,868 shares of the investment management company's stock worth $520,000 after buying an additional 8,653 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Tri-Continental during the 4th quarter worth approximately $212,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Tri-Continental in the 1st quarter valued at $324,000. Institutional investors and hedge funds own 10.22% of the company's stock.
Tri-Continental Stock Up 0.4 %
NYSE TY traded up $0.13 on Friday, hitting $32.24. 32,999 shares of the company were exchanged, compared to its average volume of 54,337. The stock has a fifty day moving average of $31.34 and a 200-day moving average of $30.58. 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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