Allspring Global Investments Holdings LLC Cuts Stock Position in Tri-Continental Co. (NYSE:TY)

Allspring Global Investments Holdings LLC trimmed its stake in Tri-Continental Co. (NYSE:TY) by 38.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,012 shares of the investment management company’s stock after selling 168,718 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.51% of Tri-Continental worth $8,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JSF Financial LLC purchased a new position in Tri-Continental in the fourth quarter worth $310,000. Savant Capital LLC increased its holdings 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 purchasing an additional 318 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Tri-Continental by 14.0% in the fourth quarter. Apollon Wealth Management LLC now owns 10,255 shares of the investment management company’s stock valued at $325,000 after purchasing an additional 1,259 shares during the period. Mezzasalma Advisors LLC purchased a new stake in Tri-Continental during the fourth quarter worth about $206,000. Finally, Platform Technology Partners grew its position in Tri-Continental by 69.0% during the fourth quarter. Platform Technology Partners now owns 97,531 shares of the investment management company’s stock worth $3,091,000 after buying an additional 39,819 shares during the period. 10.22% of the stock is owned by hedge funds and other institutional investors.

Tri-Continental Stock Up 0.6 %

Shares of Tri-Continental stock opened at $32.85 on Wednesday. The company has a 50-day moving average of $32.20 and a two-hundred day moving average of $32.60. Tri-Continental Co. has a 12-month low of $29.12 and a 12-month 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.