Raymond James Financial Inc. Has $7.96 Million Holdings in Tri Continental Corporation $TY

Key Points

• Raymond James Financial Inc. reduced its stake in Tri Continental Corporation by 20.2% in the first quarter, owning approximately 0.50% of the company valued at $7.96 million after selling 65,870 shares.
• Other institutional investors, including Costello Asset Management and Comerica Bank, have also recently altered their positions in Tri Continental, with total institutional ownership at 10.22%.
• Tri Continental's stock opened at $33.56, with a 12-month price range between $26.54 and $34.82.

Raymond James Financial Inc. cut its holdings in Tri Continental Corporation (NYSE:TY - Free Report) by 20.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 259,625 shares of the investment management company's stock after selling 65,870 shares during the quarter. Raymond James Financial Inc. owned approximately 0.50% of Tri Continental worth $7,963,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TY. Costello Asset Management INC acquired a new stake in shares of Tri Continental during the first quarter valued at about $48,000. Comerica Bank boosted its stake in shares of Tri Continental by 103.9% during the fourth quarter. Comerica Bank now owns 2,551 shares of the investment management company's stock valued at $81,000 after purchasing an additional 1,300 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Tri Continental during the first quarter valued at about $104,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Tri Continental during the fourth quarter valued at about $212,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Tri Continental by 26.4% during the first quarter. Oppenheimer & Co. Inc. now owns 9,788 shares of the investment management company's stock valued at $300,000 after purchasing an additional 2,043 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri Continental Price Performance

Shares of TY stock opened at $33.56 on Tuesday. The business's 50-day moving average price is $32.50 and its 200-day moving average price is $31.27. Tri Continental Corporation has a 12 month low of $26.54 and a 12 month high of $34.82.

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.

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