Crestwood Advisors Group LLC lessened its position in shares of Tri-Continental Co. (NYSE:TY – Get Rating) by 54.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,227 shares of the investment management company’s stock after selling 8,600 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Tri-Continental were worth $223,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its holdings in Tri-Continental by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 18,672 shares of the investment management company’s stock valued at $620,000 after purchasing an additional 710 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of Tri-Continental by 3.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 21,906 shares of the investment management company’s stock valued at $727,000 after buying an additional 783 shares during the period. Spire Wealth Management boosted its position in Tri-Continental by 23.1% during the fourth quarter. Spire Wealth Management now owns 4,283 shares of the investment management company’s stock worth $142,000 after acquiring an additional 805 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Tri-Continental by 10.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 10,386 shares of the investment management company’s stock worth $344,000 after acquiring an additional 972 shares during the period. Finally, American Institute for Advanced Investment Management LLP raised its holdings in Tri-Continental by 10.4% in the 4th quarter. American Institute for Advanced Investment Management LLP now owns 11,074 shares of the investment management company’s stock valued at $368,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 9.73% of the company’s stock.
Shares of NYSE:TY opened at $26.12 on Thursday. Tri-Continental Co. has a 12 month low of $25.26 and a 12 month high of $35.91. The business has a 50-day moving average of $28.61 and a two-hundred day moving average of $30.49.
Tri-Continental Profile (Get Rating)
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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