EP Wealth Advisors LLC acquired a new stake in shares of Tri Continental Corporation (NYSE:TY - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,065 shares of the investment management company's stock, valued at approximately $2,584,000. EP Wealth Advisors LLC owned approximately 0.14% of Tri Continental as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in TY. Saba Capital Management L.P. lifted its position in Tri Continental by 4.8% in the 1st quarter. Saba Capital Management L.P. now owns 735,098 shares of the investment management company's stock worth $23,222,000 after buying an additional 33,497 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Tri Continental by 15.1% during the 3rd quarter. Lazard Asset Management LLC now owns 517,626 shares of the investment management company's stock valued at $17,599,000 after acquiring an additional 67,821 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Tri Continental by 0.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 420,932 shares of the investment management company's stock valued at $13,748,000 after acquiring an additional 2,899 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Tri Continental by 9.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 366,014 shares of the investment management company's stock worth $11,562,000 after acquiring an additional 31,757 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Tri Continental by 1.0% in the third quarter. Raymond James Financial Inc. now owns 266,059 shares of the investment management company's stock worth $9,046,000 after acquiring an additional 2,577 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company's stock.
Tri Continental Trading Up 0.1%
Shares of NYSE:TY opened at $35.59 on Friday. Tri Continental Corporation has a 1 year low of $30.53 and a 1 year high of $36.55. The business has a fifty day simple moving average of $35.20 and a 200 day simple moving average of $34.04.
Insider Buying and Selling
In other Tri Continental news, Portfolio Manager Yan Jin sold 2,500 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $34.87, for a total value of $87,175.00. Following the transaction, the portfolio manager owned 12,919 shares in the company, valued at $450,485.53. The trade was a 16.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.66% of the stock is owned by company insiders.
About Tri Continental
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri Continental Corporation (NYSE:TY - Free Report).
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