Shaker Financial Services buys $1,103,684 stake in Tri-Continental Corporation (TY)

Tri-Continental Corporation (TY) : Shaker Financial Services scooped up 2,713 additional shares in Tri-Continental Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 51,987 shares of Tri-Continental Corporation which is valued at $1,103,684.Tri-Continental Corporation makes up approximately 0.74% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Blue Bell Private Wealth Management reduced its stake in TY by selling 29,705 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 492,968 shares of TY which is valued at $10,549,515. Tri-Continental Corporation makes up approx 6.55% of Blue Bell Private Wealth Management’s portfolio.

Tri-Continental Corporation opened for trading at $21.19 and hit $21.24 on the upside on Thursday, eventually ending the session at $21.24, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 14,596 shares. Company has a market cap of $2,646 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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