Tri-Continental Co. (NYSE:TY – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $32.32 and last traded at $32.16, with a volume of 4475 shares traded. The stock had previously closed at $32.10.
Tri-Continental Trading Up 0.4 %
The company’s 50-day moving average is $31.26 and its 200-day moving average is $30.53.
Institutional Trading of Tri-Continental
Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in shares of Tri-Continental by 6.0% during the fourth quarter. Wells Fargo & Company MN now owns 269,748 shares of the investment management company’s stock valued at $7,777,000 after purchasing an additional 15,351 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in Tri-Continental by 18.1% during the 2nd quarter. Cornerstone Advisors LLC now owns 167,382 shares of the investment management company’s stock worth $5,184,000 after purchasing an additional 25,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Tri-Continental by 6.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 137,773 shares of the investment management company’s stock worth $4,267,000 after purchasing an additional 7,759 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tri-Continental by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 115,813 shares of the investment management company’s stock valued at $3,587,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of Tri-Continental by 36.6% in the 2nd quarter. Shaker Financial Services LLC now owns 94,909 shares of the investment management company’s stock valued at $2,939,000 after purchasing an additional 25,434 shares during the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.
About Tri-Continental
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.
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