Blue Bell Private Wealth Management LLC Has $15.92 Million Stake in Tri-Continental Co. (TY)

Blue Bell Private Wealth Management LLC reduced its position in Tri-Continental Co. (NYSE:TY) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 590,944 shares of the investment management company’s stock after selling 7,936 shares during the quarter. Tri-Continental comprises about 7.1% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 4th biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Tri-Continental were worth $15,920,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Tri-Continental by 1.0% during the second quarter. Royal Bank of Canada now owns 71,567 shares of the investment management company’s stock valued at $1,743,000 after purchasing an additional 674 shares during the last quarter. Advisor Group Inc. lifted its position in Tri-Continental by 262.1% during the second quarter. Advisor Group Inc. now owns 4,479 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 3,242 shares during the last quarter. Stifel Financial Corp lifted its position in Tri-Continental by 17.0% during the second quarter. Stifel Financial Corp now owns 44,998 shares of the investment management company’s stock valued at $1,094,000 after purchasing an additional 6,533 shares during the last quarter. First Trust Advisors LP lifted its position in Tri-Continental by 10.6% during the third quarter. First Trust Advisors LP now owns 77,308 shares of the investment management company’s stock valued at $1,975,000 after purchasing an additional 7,409 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Tri-Continental during the third quarter valued at approximately $201,000. Institutional investors own 11.96% of the company’s stock.

Shares of Tri-Continental Co. (NYSE TY) opened at $27.59 on Wednesday. Tri-Continental Co. has a 1 year low of $22.42 and a 1 year high of $28.32.

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Tri-Continental Company Profile

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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Institutional Ownership by Quarter for Tri-Continental (NYSE:TY)

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