RB Capital Management LLC bought a new stake in Tri Continental Corporation (NYSE:TY – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 61,076 shares of the investment management company’s stock, valued at approximately $2,102,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in shares of Tri Continental by 3.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 10,007 shares of the investment management company’s stock worth $327,000 after purchasing an additional 327 shares during the last quarter. Royal Bank of Canada raised its position in shares of Tri Continental by 0.6% in the fourth quarter. Royal Bank of Canada now owns 57,171 shares of the investment management company’s stock valued at $1,867,000 after buying an additional 365 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Tri Continental by 6.3% in the fourth quarter. International Assets Investment Management LLC now owns 8,126 shares of the investment management company’s stock valued at $265,000 after buying an additional 482 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Tri Continental by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 53,953 shares of the investment management company’s stock valued at $1,762,000 after buying an additional 496 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Tri Continental by 1.3% during the fourth quarter. Allworth Financial LP now owns 41,086 shares of the investment management company’s stock valued at $1,342,000 after buying an additional 542 shares during the period. 10.22% of the stock is currently owned by hedge funds and other institutional investors.
Tri Continental Stock Performance
Shares of NYSE TY opened at $35.62 on Friday. Tri Continental Corporation has a 1 year low of $30.53 and a 1 year high of $36.55. The firm’s 50 day moving average price is $35.26 and its 200 day moving average price is $34.12.
About Tri Continental
Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.
The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.
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