Blue Bell Private Wealth Management buys $11,102,221 stake in Tri-Continental Corporation (TY)

Tri-Continental Corporation (TY) : Blue Bell Private Wealth Management scooped up 34,955 additional shares in Tri-Continental Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 527,923 shares of Tri-Continental Corporation which is valued at $11,102,221.Tri-Continental Corporation makes up approximately 6.60% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Community Bank N.a. sold out all of its stake in TY during the most recent quarter. The investment firm sold 6,800 shares of TY which is valued $143,072.Msi Financial Services Inc boosted its stake in TY in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 561 shares of Tri-Continental Corporation which is valued at $11,803.Creative Planning boosted its stake in TY in the latest quarter, The investment management firm added 2,876 additional shares and now holds a total of 29,171 shares of Tri-Continental Corporation which is valued at $614,633.Kelman-lazarov boosted its stake in TY in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 64,800 shares of Tri-Continental Corporation which is valued at $1,382,184. Tri-Continental Corporation makes up approx 0.79% of Kelman-lazarov’s portfolio. Advisory Services Network added TY to its portfolio by purchasing 1,891 company shares during the most recent quarter which is valued at $40,108. Tri-Continental Corporation makes up approx 0.01% of Advisory Services Network’s portfolio.

Tri-Continental Corporation closed down -0.01 points or -0.05% at $21.03 with 43,911 shares getting traded on Friday. Post opening the session at $21.16, the shares hit an intraday low of $21.02 and an intraday high of $21.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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