Thomas J. Herzfeld Advisors buys $4,831,023 stake in Tri-Continental Corporation (TY)

Tri-Continental Corporation (TY) : Thomas J. Herzfeld Advisors scooped up 1,605 additional shares in Tri-Continental Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 227,771 shares of Tri-Continental Corporation which is valued at $4,831,023.Tri-Continental Corporation makes up approximately 2.64% of Thomas J. Herzfeld Advisors’s portfolio.

Other Hedge Funds, Including , Hightower Advisors boosted its stake in TY in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 27,632 shares of Tri-Continental Corporation which is valued at $586,075. Tri-Continental Corporation makes up approx 0.01% of Hightower Advisors’s portfolio.First Trust Advisors Lp boosted its stake in TY in the latest quarter, The investment management firm added 1,768 additional shares and now holds a total of 20,082 shares of Tri-Continental Corporation which is valued at $417,906. St. James Investment Company added TY to its portfolio by purchasing 9,570 company shares during the most recent quarter which is valued at $199,152. Tri-Continental Corporation makes up approx 0.03% of St. James Investment Company’s portfolio.

Tri-Continental Corporation opened for trading at $21.43 and hit $21.48 on the upside on Monday, eventually ending the session at $21.41, with a gain of 0.28% or 0.06 points. The heightened volatility saw the trading volume jump to 62,697 shares. Company has a market cap of $2,667 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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