St. James Investment Company LLC decreased its position in shares of Tri Continental Corporation (NYSE:TY) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,315 shares of the investment management company’s stock after selling 2,065 shares during the period. St. James Investment Company LLC’s holdings in Tri Continental Corporation were worth $543,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelman Lazarov Inc. increased its position in Tri Continental Corporation by 4.7% in the second quarter. Kelman Lazarov Inc. now owns 80,100 shares of the investment management company’s stock worth $1,950,000 after buying an additional 3,599 shares in the last quarter. IFP Advisors Inc raised its position in Tri Continental Corporation by 425.6% in the second quarter. IFP Advisors Inc now owns 5,519 shares of the investment management company’s stock worth $134,000 after buying an additional 4,469 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Tri Continental Corporation by 8.9% in the second quarter. Janney Montgomery Scott LLC now owns 11,093 shares of the investment management company’s stock worth $270,000 after buying an additional 902 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.
Tri Continental Corporation (TY) traded up 0.16% on Friday, reaching $24.67. 78,128 shares of the company were exchanged. The stock has a 50 day moving average of $24.75 and a 200 day moving average of $23.82. Tri Continental Corporation has a 12-month low of $20.60 and a 12-month high of $25.12.
Tri Continental Corporation Company Profile
Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.
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