Evolve Private Wealth LLC acquired a new position in shares of Tri Continental Corporation (NYSE:TY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 57,423 shares of the investment management company's stock, valued at approximately $1,976,000. Evolve Private Wealth LLC owned about 0.11% of Tri Continental at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Tri Continental in the fourth quarter valued at $29,000. Hanson & Doremus Investment Management purchased a new stake in shares of Tri Continental during the first quarter worth about $29,000. BNP Paribas Financial Markets raised its position in shares of Tri Continental by 529.5% in the second quarter. BNP Paribas Financial Markets now owns 1,259 shares of the investment management company's stock valued at $40,000 after buying an additional 1,059 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Tri Continental during the fourth quarter valued at approximately $54,000. Finally, BlackRock Inc. acquired a new stake in Tri Continental during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 10.22% of the company's stock.
Tri Continental Trading Up 0.1%
Shares of TY opened at $35.59 on Friday. The stock has a fifty day moving average of $35.20 and a two-hundred day moving average of $34.04. Tri Continental Corporation has a fifty-two week low of $30.53 and a fifty-two week high of $36.55.
Insider Buying and Selling
In related news, Portfolio Manager Yan Jin sold 2,500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $34.87, for a total transaction of $87,175.00. Following the transaction, the portfolio manager directly owned 12,919 shares in the company, valued at approximately $450,485.53. This represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.66% of the company's stock.
Tri Continental Profile
(
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.
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