Institutional Investors Are Dumping Tri-continental Corp (NYSE:TY)

June 17, 2018 - By Peter Erickson

Sentiment for Tri-continental Corp (NYSE:TY)

Tri-continental Corp (NYSE:TY) institutional sentiment decreased to 0.9 in 2018 Q1. Its down -0.07, from 0.97 in 2017Q4. The ratio turned negative, as 26 funds increased and started new holdings, while 29 sold and decreased their equity positions in Tri-continental Corp. The funds in our partner’s database now own: 4.75 million shares, up from 4.73 million shares in 2017Q4. Also, the number of funds holding Tri-continental Corp in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 8 Reduced: 21 Increased: 20 New Position: 6.

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. The company has market cap of $1.51 billion. It primarily invests in the public equity markets of the United States. It has a 6.26 P/E ratio. The fund invests in stocks of companies that operate across diversified sectors.

The stock decreased 0.15% or $0.04 during the last trading session, reaching $27.52. About 62,608 shares traded. Tri-Continental Corporation (NYSE:TY) has risen 13.06% since June 17, 2017 and is uptrending. It has outperformed by 0.49% the S&P500.

Blue Bell Private Wealth Management Llc holds 6.89% of its portfolio in Tri-Continental Corporation for 596,430 shares. Shaker Financial Services Llc owns 203,887 shares or 2.59% of their US portfolio. Moreover, Bulldog Investors Llc has 1.9% invested in the company for 263,957 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.96% in the stock. Dubuque Bank & Trust Co, a Iowa-based fund reported 192,824 shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $151,272 activity.

Another recent and important Tri-Continental Corporation (NYSE:TY) news was published by which published an article titled: “Tri-Continental Corporation Declares Second Quarter Distribution” on May 25, 2018.

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