Tri-Continental Co. (NYSE:TY - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.70 and traded as low as $31.69. Tri-Continental shares last traded at $31.73, with a volume of 45,346 shares.
Tri-Continental Stock Performance
The business's 50 day moving average is $32.22 and its two-hundred day moving average is $32.69.
Institutional Investors Weigh In On Tri-Continental
Several large investors have recently added to or reduced their stakes in TY. US Bancorp DE grew its position in shares of Tri-Continental by 16.4% during the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company's stock worth $187,000 after buying an additional 796 shares during the period. Concurrent Investment Advisors LLC increased its stake in Tri-Continental by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 30,659 shares of the investment management company's stock valued at $1,013,000 after purchasing an additional 1,321 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of 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 valued at $5,321,000 after purchasing an additional 66,148 shares during the period. Beckerman Institutional LLC bought a new position in shares of Tri-Continental during the 3rd quarter worth about $1,352,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Tri-Continental by 127.2% in the 3rd 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. Institutional investors and hedge funds own 10.22% of the company's stock.
About Tri-Continental
(
Get 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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