RB Capital Management LLC purchased a new position in shares of Tri Continental Corporation (NYSE:TY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 61,076 shares of the investment management company’s stock, valued at approximately $2,102,000. RB Capital Management LLC owned about 0.11% of Tri Continental as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Corient Private Wealth LP acquired a new stake in Tri Continental in the 2nd quarter valued at about $406,000. Bank of America Corp DE acquired a new position in Tri Continental during the second quarter worth about $1,637,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Tri Continental in the second quarter valued at about $106,000. Evolve Private Wealth LLC acquired a new stake in shares of Tri Continental in the second quarter valued at approximately $1,976,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Tri Continental in the second quarter valued at approximately $2,584,000. 10.22% of the stock is currently owned by hedge funds and other institutional investors.
Tri Continental Price Performance
Shares of TY opened at $35.62 on Friday. Tri Continental Corporation has a 1-year low of $30.53 and a 1-year high of $36.55. The firm has a 50 day simple moving average of $35.26 and a 200-day simple moving average of $34.12.
About Tri Continental
Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.
The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.
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