Landscape Capital Management L.L.C. Sells 15,242 Shares of Tri Continental Corporation $TY

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Tri Continental Corporation by 23.9%, selling 15,242 shares and retaining 48,546 shares valued at approximately $1.49 million.
• Several institutional investors, including Costello Asset Management and Oppenheimer & Co. Inc., have recently made movements in their holdings of Tri Continental, indicating increased interest from hedge funds and other investors.
• The current share price of Tri Continental Corporation is $33.56, with a 1-year range of $26.54 to $34.82, reflecting its price performance in the market.

Landscape Capital Management L.L.C. trimmed its holdings in Tri Continental Corporation (NYSE:TY - Free Report) by 23.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,546 shares of the investment management company's stock after selling 15,242 shares during the period. Landscape Capital Management L.L.C. owned about 0.09% of Tri Continental worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TY. Cornerstone Advisory LLC bought a new position in shares of Tri Continental in the fourth quarter valued at $4,214,000. Joel Isaacson & Co. LLC purchased a new stake in shares of Tri Continental in the first quarter valued at about $567,000. Waverly Advisors LLC purchased a new stake in shares of Tri Continental in the fourth quarter valued at about $357,000. Wolverine Asset Management LLC raised its holdings in shares of Tri Continental by 6.2% in the first quarter. Wolverine Asset Management LLC now owns 134,784 shares of the investment management company's stock valued at $4,134,000 after purchasing an additional 7,852 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in Tri Continental during the fourth quarter worth about $212,000. 10.22% of the stock is owned by institutional investors.

Tri Continental Trading Up 0.3%

TY stock traded up $0.10 during trading on Thursday, reaching $33.62. The stock had a trading volume of 37,805 shares, compared to its average volume of 37,967. Tri Continental Corporation has a one year low of $26.54 and a one year high of $34.82. The company's 50 day moving average is $32.64 and its two-hundred day moving average is $31.31.

About Tri Continental

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.