Blue Bell Private Wealth Management LLC Sells 841 Shares of Tri-Continental Co. (NYSE:TY)

Blue Bell Private Wealth Management LLC trimmed its stake in shares of Tri-Continental Co. (NYSE:TY) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 411,731 shares of the investment management company’s stock after selling 841 shares during the period. Tri-Continental comprises 2.5% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Tri-Continental were worth $13,048,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TY. US Bancorp DE raised its stake in shares of Tri-Continental by 16.4% in the third quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock valued at $187,000 after acquiring an additional 796 shares during the last quarter. Mezzasalma Advisors LLC bought a new position in shares of Tri-Continental in the fourth quarter valued at approximately $206,000. Walleye Capital LLC bought a new position in shares of Tri-Continental in the third quarter valued at approximately $269,000. Crews Bank & Trust bought a new position in shares of Tri-Continental in the fourth quarter valued at approximately $270,000. Finally, JSF Financial LLC bought a new position in shares of Tri-Continental in the fourth quarter valued at approximately $310,000. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri-Continental Trading Down 1.2 %

NYSE:TY opened at $31.25 on Friday. Tri-Continental Co. has a 1 year low of $29.17 and a 1 year high of $34.82. The firm has a 50 day moving average of $32.22 and a 200-day moving average of $32.69.

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.