Tri-Continental Corporation (TY) : Thomas J. Herzfeld Advisors scooped up 4,294 additional shares in Tri-Continental Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 245,932 shares of Tri-Continental Corporation which is valued at $4.9 Million.Tri-Continental Corporation makes up approximately 2.56% of Thomas J. Herzfeld Advisors’s portfolio.
Other Hedge Funds, Including , Shaker Financial Services reduced its stake in TY by selling 142,369 shares or 74.29% in the most recent quarter. The Hedge Fund company now holds 49,274 shares of TY which is valued at $982,524. Tri-Continental Corporation makes up approx 0.71% of Shaker Financial Services’s portfolio.Cambridge Investment Research Advisors boosted its stake in TY in the latest quarter, The investment management firm added 2,085 additional shares and now holds a total of 34,837 shares of Tri-Continental Corporation which is valued at $696,740. Tri-Continental Corporation makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Doliver Capital Advisors reduced its stake in TY by selling 751 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 14,121 shares of TY which is valued at $285,950. Tri-Continental Corporation makes up approx 0.24% of Doliver Capital Advisors’s portfolio.
Tri-Continental Corporation opened for trading at $20.32 and hit $20.48 on the upside on Wednesday, eventually ending the session at $20.38, with a gain of 0.39% or 0.08 points. The heightened volatility saw the trading volume jump to 55,263 shares. Company has a market cap of $2,539 M.
Tri-Continental Corporation (the Fund) is a United States-based diversified closed-end management investment company. The Fund invests to produce future growth of both capital and income while providing reasonable current income. The Fund employs leverage primarily through its outstanding preferred stock. The Fund invests in various sectors which include financials information technology industrials health care and consumer staples. The Fund’s investment manager is Columbia Management Investment Advisers LLC. The Fund’s holdings include Apple Microsoft Cisco Systems Merck & Co JPMorgan Chase & Co Lockheed Martin Corp Philip Morris International Home Depot Pfizer and Oracle among others.