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

Other large investors also recently bought and sold shares of the company. Wolverine Asset Management LLC grew its stake in Tri Continental by 6.2% in the 1st quarter. Wolverine Asset Management LLC now owns 134,784 shares of the investment management company's stock valued at $4,134,000 after acquiring an additional 7,852 shares during the period. Costello Asset Management INC acquired a new position in Tri Continental in the 1st quarter valued at $48,000. LPL Financial LLC raised its position in shares of Tri Continental by 10.4% in the first quarter. LPL Financial LLC now owns 47,985 shares of the investment management company's stock valued at $1,472,000 after buying an additional 4,523 shares during the last quarter. Cornerstone Advisory LLC grew its stake in Tri Continental by 2.3% during the 1st quarter. Cornerstone Advisory LLC now owns 132,096 shares of the investment management company's stock valued at $3,969,000 after acquiring an additional 3,001 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Tri Continental by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 26,149 shares of the investment management company's stock worth $802,000 after purchasing an additional 666 shares during the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri Continental Price Performance

Shares of TY stock traded up $0.07 during trading hours on Wednesday, reaching $33.53. The company had a trading volume of 14,262 shares, compared to its average volume of 48,377. Tri Continental Corporation has a 12-month low of $26.54 and a 12-month high of $34.82. The stock has a fifty day moving average of $32.55 and a 200-day moving average of $31.29.

Tri Continental Profile

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.