Blue Bell Private Wealth Management LLC Has $15.30 Million Position in Tri Continental Corporation (TY)
Blue Bell Private Wealth Management LLC lessened its holdings in Tri Continental Corporation (NYSE:TY) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 598,880 shares of the investment management company’s stock after selling 11,227 shares during the period. Tri Continental Corporation makes up about 7.3% of Blue Bell Private Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Blue Bell Private Wealth Management LLC’s holdings in Tri Continental Corporation were worth $15,301,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisor Group Inc. boosted its stake in shares of Tri Continental Corporation by 262.1% during the second quarter. Advisor Group Inc. now owns 4,479 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 3,242 shares during the period. IFP Advisors Inc raised its holdings 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 purchasing an additional 4,469 shares in the last quarter. Institute for Wealth Management LLC. bought a new position in Tri Continental Corporation in the second quarter worth about $200,000. Wesbanco Bank Inc. bought a new position in Tri Continental Corporation in the second quarter worth about $206,000. Finally, Raymond James Trust N.A. bought a new position in Tri Continental Corporation in the third quarter worth about $228,000. Institutional investors own 13.39% of the company’s stock.
Shares of Tri Continental Corporation (NYSE TY) traded up 0.51% during trading on Friday, reaching $25.82. 16,657 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $25.54 and a 200 day moving average price of $24.61. Tri Continental Corporation has a 12-month low of $20.60 and a 12-month high of $26.12.
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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