Concurrent Investment Advisors LLC Has $1.90 Million Position in Tri-Continental Co. (NYSE:TY)

Concurrent Investment Advisors LLC grew its holdings in shares of Tri-Continental Co. (NYSE:TY) by 95.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 59,871 shares of the investment management company’s stock after acquiring an additional 29,212 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Tri-Continental were worth $1,897,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TY. Savant Capital LLC grew its stake in shares of Tri-Continental by 1.7% in the 4th quarter. Savant Capital LLC now owns 18,950 shares of the investment management company’s stock valued at $601,000 after buying an additional 318 shares during the period. D.A. Davidson & CO. grew its stake in shares of Tri-Continental by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 81,380 shares of the investment management company’s stock valued at $2,689,000 after buying an additional 360 shares during the period. Allworth Financial LP grew its stake in shares of Tri-Continental by 3.1% in the 4th quarter. Allworth Financial LP now owns 15,585 shares of the investment management company’s stock valued at $509,000 after buying an additional 472 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Tri-Continental by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,876 shares of the investment management company’s stock valued at $345,000 after buying an additional 507 shares during the period. Finally, Cora Capital Advisors LLC grew its stake in shares of Tri-Continental by 5.0% in the 4th quarter. Cora Capital Advisors LLC now owns 11,005 shares of the investment management company’s stock valued at $349,000 after buying an additional 522 shares during the period. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Tri-Continental Stock Performance

Shares of TY opened at $32.60 on Friday. The stock has a 50-day moving average of $32.16 and a 200-day moving average of $32.62. Tri-Continental Co. has a one year low of $29.17 and a one year high of $34.82.

About Tri-Continental

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.