Institutional Investors Lead Shift in Tri-continental Corp (NYSE:TY) Sentiment

Sentiment for Tri-continental Corp (NYSE:TY)

Tri-continental Corp (NYSE:TY) institutional sentiment increased to 1.18 in Q4 2018. Its up 0.01, from 1.17 in 2018Q3. The ratio increased, as 40 investment managers increased and opened new positions, while 34 sold and reduced their stock positions in Tri-continental Corp. The investment managers in our partner’s database now possess: 4.38 million shares, down from 4.95 million shares in 2018Q3. Also, the number of investment managers holding Tri-continental Corp in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 21 Reduced: 13 Increased: 29 New Position: 11.

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 $1.46 billion. It primarily invests in the public equity markets of the United States. It currently has negative earnings. The fund invests in stocks of companies that operate across diversified sectors.

The stock increased 0.48% or $0.13 during the last trading session, reaching $27.04. About 17,762 shares traded. Tri-Continental Corporation (NYSE:TY) has risen 2.66% since May 8, 2018 and is uptrending. It has underperformed by 1.71% the S&P500.

Blue Bell Private Wealth Management Llc holds 7.18% of its portfolio in Tri-Continental Corporation for 579,937 shares. Bulldog Investors Llc owns 152,665 shares or 1.35% of their US portfolio. Moreover, Dubuque Bank & Trust Co has 1.19% invested in the company for 280,878 shares. The Virginia-based Shaker Financial Services Llc has invested 0.95% in the stock. Signature Financial Management Inc., a Virginia-based fund reported 86,114 shares.

Since January 1, 0001, it had 1 buy, and 0 insider sales for $116,991 activity.

More notable recent Tri-Continental Corporation (NYSE:TY) news were published by: Seekingalpha.com which released: “Tri-Continental Corporation: A Unique CEF Old Timer That Could Be A Complement To Your Portfolio – Seeking Alpha” on April 17, 2015, also Streetinsider.com with their article: “Form POS 8C TRI-CONTINENTAL CORP – StreetInsider.com” published on April 25, 2019, Seekingalpha.com published: “Colony Credit Real Estate, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 28, 2019. More interesting news about Tri-Continental Corporation (NYSE:TY) were released by: Barrons.com and their article: “Marathon Petroleum Stock Could See a Huge Gain – Barron’s” published on October 31, 2018 as well as Finance.Yahoo.com‘s news article titled: “US Foods Holding (USFD) Q1 2019 Earnings Call Transcript – Yahoo Finance” with publication date: May 08, 2019.

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