Blue Bell Private Wealth Management buys $10,537,088 stake in Tri-Continental Corporation (TY)

Tri-Continental Corporation (TY) : Blue Bell Private Wealth Management scooped up 32,071 additional shares in Tri-Continental Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 522,673 shares of Tri-Continental Corporation which is valued at $10,537,088.Tri-Continental Corporation makes up approximately 7.11% of Blue Bell Private Wealth Management’s portfolio.

Tri-Continental Corporation closed down -0.04 points or -0.20% at $20.16 with 33,091 shares getting traded on Friday. Post opening the session at $20.21, the shares hit an intraday low of $20.16 and an intraday high of $20.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Creative Planning boosted its stake in TY in the latest quarter, The investment management firm added 23,877 additional shares and now holds a total of 26,108 shares of Tri-Continental Corporation which is valued at $518,505.

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.

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