Tandem Capital Management Corp ADV acquired a new position in shares of Tri-Continental Co. (NYSE:TY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,566 shares of the investment management company’s stock, valued at approximately $408,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TY. First Trust Advisors LP lifted its position in Tri-Continental by 0.7% during the first quarter. First Trust Advisors LP now owns 87,464 shares of the investment management company’s stock worth $2,300,000 after acquiring an additional 575 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Tri-Continental by 56.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 53,138 shares of the investment management company’s stock valued at $1,566,000 after buying an additional 19,127 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Tri-Continental during the fourth quarter worth about $390,000. Wells Fargo & Company MN grew its position in shares of Tri-Continental by 86.4% during the 4th quarter. Wells Fargo & Company MN now owns 451,052 shares of the investment management company’s stock valued at $13,293,000 after acquiring an additional 209,130 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Tri-Continental by 3.6% during the 4th quarter. D.A. Davidson & CO. now owns 43,594 shares of the investment management company’s stock valued at $1,285,000 after acquiring an additional 1,509 shares during the period. Institutional investors own 10.10% of the company’s stock.
NYSE TY traded down $0.03 during trading hours on Friday, reaching $34.88. 407 shares of the company’s stock traded hands, compared to its average volume of 41,395. Tri-Continental Co. has a 52-week low of $24.11 and a 52-week high of $34.96. The business’s 50-day simple moving average is $33.84.
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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