Tri Continental Corporation (NYSE:TY – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.57 and traded as low as $33.30. Tri Continental shares last traded at $33.40, with a volume of 43,569 shares trading hands.
Tri Continental Price Performance
The business’s fifty day moving average price is $33.09 and its two-hundred day moving average price is $33.58.
Institutional Trading of Tri Continental
Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC acquired a new position in Tri Continental during the 4th quarter valued at about $29,000. HM Payson & Co. acquired a new stake in shares of Tri Continental during the third quarter worth $35,000. BNP Paribas Financial Markets grew its holdings in shares of Tri Continental by 529.5% during the second quarter. BNP Paribas Financial Markets now owns 1,259 shares of the investment management company’s stock valued at $40,000 after buying an additional 1,059 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Tri Continental in the 4th quarter valued at $54,000. Finally, Advocate Investing Services LLC purchased a new position in Tri Continental in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 10.22% of the company’s stock.
About Tri Continental
Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.
The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.
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