Relative Value Partners Group Lowers stake in Tri-Continental Corporation (TY)

Tri-Continental Corporation (TY) : Relative Value Partners Group reduced its stake in Tri-Continental Corporation by 1.45% during the most recent quarter end. The investment management company now holds a total of 1,782,268 shares of Tri-Continental Corporation which is valued at $35.5 Million after selling 26,273 shares in Tri-Continental Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Tri-Continental Corporation makes up approximately 4.33% of Relative Value Partners Group’s portfolio.

Other Hedge Funds, Including , Monetary Management Group Inc sold out all of its stake in TY during the most recent quarter. The investment firm sold 212 shares of TY which is valued $4,227. Tfs Capital added TY to its portfolio by purchasing 15,105 company shares during the most recent quarter which is valued at $301,194. Tri-Continental Corporation makes up approx 0.04% of Tfs Capital’s portfolio.

Tri-Continental Corporation opened for trading at $20.01 and hit $20.2 on the upside on Monday, eventually ending the session at $20.15, with a gain of 1.05% or 0.21 points. The heightened volatility saw the trading volume jump to 1,20,729 shares. Company has a market cap of $2,510 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.

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