Tri Continental (NYSE:TY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Tri Continental Corporation (NYSE:TY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.55 and traded as low as $33.23. Tri Continental shares last traded at $33.2850, with a volume of 23,406 shares trading hands.

Tri Continental Stock Up 0.3%

The company has a fifty day moving average price of $33.00 and a 200 day moving average price of $33.55.

Institutional Trading of Tri Continental

Several hedge funds and other institutional investors have recently bought and sold shares of TY. Quadrant Private Wealth Management LLC purchased a new position in Tri Continental during the 3rd quarter valued at about $1,306,000. Allspring Global Investments Holdings LLC grew its position in shares of Tri Continental by 7.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 336,196 shares of the investment management company’s stock worth $11,431,000 after buying an additional 24,645 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of Tri Continental by 14.3% during the second quarter. Wolverine Asset Management LLC now owns 154,054 shares of the investment management company’s stock valued at $4,877,000 after buying an additional 19,270 shares during the period. Allworth Financial LP raised its holdings in shares of Tri Continental by 146.1% during the second quarter. Allworth Financial LP now owns 40,485 shares of the investment management company’s stock valued at $1,282,000 after acquiring an additional 24,037 shares in the last quarter. Finally, Cornerstone Advisors LLC purchased a new stake in Tri Continental in the second quarter worth $667,000. Institutional investors own 10.22% of the company’s stock.

Tri Continental Company Profile

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.