Thomas J. Herzfeld Advisors Lowers stake in Tri-Continental Corporation (TY)

Tri-Continental Corporation (TY) : Thomas J. Herzfeld Advisors reduced its stake in Tri-Continental Corporation by 8.04% during the most recent quarter end. The investment management company now holds a total of 226,166 shares of Tri-Continental Corporation which is valued at $4,858,046 after selling 19,766 shares in Tri-Continental Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Tri-Continental Corporation makes up approximately 2.46% of Thomas J. Herzfeld Advisors’s portfolio.

Other Hedge Funds, Including , Ancora Advisors boosted its stake in TY in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 62,147 shares of Tri-Continental Corporation which is valued at $1,334,918. Tri-Continental Corporation makes up approx 0.15% of Ancora Advisors’s portfolio.Sii Investments Incwi boosted its stake in TY in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 16,335 shares of Tri-Continental Corporation which is valued at $349,242. Tri-Continental Corporation makes up approx 0.03% of Sii Investments Incwi’s portfolio.Manning Napier Advisors reduced its stake in TY by selling 14,597 shares or 12.39% in the most recent quarter. The Hedge Fund company now holds 103,243 shares of TY which is valued at $2,201,141. Tri-Continental Corporation makes up approx 0.01% of Manning Napier Advisors’s portfolio.Kelman-lazarov boosted its stake in TY in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 64,000 shares of Tri-Continental Corporation which is valued at $1,352,320. Tri-Continental Corporation makes up approx 0.76% of Kelman-lazarov’s portfolio.Creative Planning boosted its stake in TY in the latest quarter, The investment management firm added 187 additional shares and now holds a total of 26,295 shares of Tri-Continental Corporation which is valued at $551,406.

Tri-Continental Corporation opened for trading at $21.58 and hit $21.668 on the upside on Tuesday, eventually ending the session at $21.65, with a gain of 0.79% or 0.17 points. The heightened volatility saw the trading volume jump to 30,746 shares. Company has a market cap of $2,697 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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