Geode Capital Management LLC Lowers Holdings in Tri Continental Co. (TY)

Geode Capital Management LLC reduced its holdings in shares of Tri Continental Co. (NYSE:TY) by 70.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,152 shares of the investment management company’s stock after selling 76,007 shares during the period. Geode Capital Management LLC owned about 0.06% of Tri Continental worth $839,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TY. James Hambro & Partners bought a new position in shares of Tri Continental in the fourth quarter worth approximately $162,000. Evermay Wealth Management LLC bought a new position in shares of Tri Continental in the fourth quarter worth approximately $200,000. Nicolet Bankshares Inc. bought a new position in shares of Tri Continental in the fourth quarter worth approximately $205,000. Bank of New York Mellon Corp bought a new position in shares of Tri Continental in the fourth quarter worth approximately $237,000. Finally, Uncommon Cents Investing LLC bought a new position in shares of Tri Continental in the fourth quarter worth approximately $532,000. 10.87% of the stock is owned by institutional investors and hedge funds.

Shares of Tri Continental traded down $0.04, reaching $27.14, during midday trading on Wednesday, MarketBeat reports. 131,500 shares of the company were exchanged, compared to its average volume of 73,422. Tri Continental Co. has a one year low of $22.63 and a one year high of $28.32.

In related news, Director Pamela G. Carlton bought 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was purchased at an average price of $15.55 per share, for a total transaction of $32,655.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.66% of the stock is currently owned by corporate insiders.

About Tri Continental

Tri-Continental Corp. is a diversified, closed-end management investment company. It invests primarily for the longer term and its objective is to produce future growth of both capital and income while providing reasonable current income. The company was founded on January 14, 1929 and is headquartered in Boston, MA.

Institutional Ownership by Quarter for Tri Continental (NYSE:TY)

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