Tri-Continental Co. (NYSE:TY) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its position in Tri-Continental Co. (NYSE:TY) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,312 shares of the investment management company’s stock after selling 3,011 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Tri-Continental were worth $575,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. C J Advisory Inc acquired a new position in Tri-Continental in the 1st quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Tri-Continental by 31.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,031 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 489 shares during the last quarter. Evermay Wealth Management LLC acquired a new position in Tri-Continental in the 2nd quarter valued at about $201,000. Oppenheimer & Co. Inc. acquired a new position in Tri-Continental in the 1st quarter valued at about $212,000. Finally, First Republic Investment Management Inc. acquired a new position in Tri-Continental in the 1st quarter valued at about $218,000. Institutional investors own 9.75% of the company’s stock.

NYSE:TY traded down $0.26 on Wednesday, hitting $26.21. The stock had a trading volume of 10,484 shares, compared to its average volume of 57,983. The stock has a fifty day moving average price of $27.17. Tri-Continental Co. has a 1-year low of $21.83 and a 1-year high of $28.19.

Tri-Continental Company 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.

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

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