Mesirow Financial Investment Management Inc. Takes $386,000 Position in Tri-Continental Co. (NYSE:TY)

Mesirow Financial Investment Management Inc. bought a new position in shares of Tri-Continental Co. (NYSE:TY) in the 4th quarter, Holdings Channel.com reports. The fund bought 12,188 shares of the investment management company’s stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its stake in Tri-Continental by 16.4% during the 3rd quarter. US Bancorp DE now owns 5,648 shares of the investment management company’s stock worth $187,000 after purchasing an additional 796 shares in the last quarter. Mezzasalma Advisors LLC acquired a new position in Tri-Continental during the 4th quarter worth $206,000. Walleye Capital LLC acquired a new position in Tri-Continental during the 3rd quarter worth $269,000. Crews Bank & Trust acquired a new position in Tri-Continental during the 4th quarter worth $270,000. Finally, JSF Financial LLC acquired a new position in Tri-Continental during the 4th quarter worth $310,000. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri-Continental Price Performance

TY opened at $31.44 on Friday. Tri-Continental Co. has a 12 month low of $29.17 and a 12 month high of $34.82. The business has a fifty day moving average price of $32.20 and a 200 day moving average price 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.