Barrett Asset Management LLC boosted its stake in shares of Tri Continental Corporation (NYSE:TY) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,947 shares of the investment management company’s stock after buying an additional 1 shares during the period. Barrett Asset Management LLC’s holdings in Tri Continental Corporation were worth $120,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Tri Continental Corporation by 425.6% in the second quarter. IFP Advisors Inc now owns 5,519 shares of the investment management company’s stock valued at $134,000 after buying an additional 4,469 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Tri Continental Corporation by 8.9% in the second quarter. Janney Montgomery Scott LLC now owns 11,093 shares of the investment management company’s stock valued at $270,000 after buying an additional 902 shares in the last quarter. Finally, Kelman Lazarov Inc. boosted its stake in Tri Continental Corporation by 4.7% in the second quarter. Kelman Lazarov Inc. now owns 80,100 shares of the investment management company’s stock valued at $1,950,000 after buying an additional 3,599 shares in the last quarter. 16.08% of the stock is owned by institutional investors.
Shares of Tri Continental Corporation (NYSE TY) opened at 24.67 on Friday. The company has a 50-day moving average of $24.75 and a 200 day moving average of $23.82. Tri Continental Corporation has a 52-week low of $20.60 and a 52-week high of $25.12.
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Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.
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