Tower Wealth Partners Inc. Has $435,000 Holdings in Tri-Continental Co. (NYSE:TY)

Tower Wealth Partners Inc. increased its position in Tri-Continental Co. (NYSE:TY) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,731 shares of the investment management company’s stock after buying an additional 899 shares during the period. Tower Wealth Partners Inc.’s holdings in Tri-Continental were worth $435,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TY. US Bancorp DE lifted its holdings in Tri-Continental by 16.4% in 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 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. PNC Financial Services Group Inc. lifted its stake in shares of Tri-Continental by 115.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,848 shares of the investment management company’s stock worth $249,000 after buying an additional 4,209 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Tri-Continental during the 3rd quarter worth $269,000. Finally, Crews Bank & Trust acquired a new position in Tri-Continental in the 4th quarter valued at $270,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri-Continental Price Performance

Tri-Continental stock opened at $31.44 on Monday. Tri-Continental Co. has a fifty-two week low of $29.17 and a fifty-two week high of $34.82. The firm has a fifty day moving average price of $32.20 and a two-hundred 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.