Allworth Financial LP Purchases New Holdings in Tri Continental Corporation $TY

Key Points

• Allworth Financial LP purchased 41,186 shares of Tri Continental, valued at approximately $1.418 million, giving it roughly 0.08% ownership.
• Several other institutions also increased or initiated positions, with hedge funds and institutional investors collectively owning 10.22% of Tri Continental.
• TY shares opened at $35.59, near the top of their $30.53–$36.55 one-year range. Meanwhile, Portfolio Manager Yan Jin sold 2,500 shares for approximately $87,175.

Allworth Financial LP bought a new stake in shares of Tri Continental Corporation (NYSE:TY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,186 shares of the investment management company's stock, valued at approximately $1,418,000. Allworth Financial LP owned approximately 0.08% of Tri Continental as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in TY. MSH Capital Advisors LLC bought a new position in Tri Continental during the 2nd quarter valued at approximately $438,000. Main Street Financial Solutions LLC bought a new stake in Tri Continental in the second quarter worth $216,000. BlackRock Inc. bought a new stake in Tri Continental in the second quarter worth $54,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Tri Continental by 8.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 156,550 shares of the investment management company's stock worth $5,388,000 after acquiring an additional 11,778 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Tri Continental by 1.9% in the first quarter. Royal Bank of Canada now owns 58,243 shares of the investment management company's stock worth $1,840,000 after acquiring an additional 1,072 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company's stock.

Tri Continental Price Performance

Shares of TY stock opened at $35.59 on Friday. Tri Continental Corporation has a one year low of $30.53 and a one year high of $36.55. The company's 50-day moving average is $35.20 and its 200 day moving average is $34.04.

Insider Transactions at Tri Continental

In other Tri Continental news, Portfolio Manager Yan Jin sold 2,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $34.87, for a total transaction of $87,175.00. Following the sale, the portfolio manager directly owned 12,919 shares in the company, valued at approximately $450,485.53. This trade represents a 16.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.66% of the company's stock.

Tri Continental 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.

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