Wolverine Asset Management LLC Acquires 6,222 Shares of Tri-Continental Co. (NYSE:TY)

Wolverine Asset Management LLC raised its holdings in Tri-Continental Co. (NYSE:TY) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,932 shares of the investment management company’s stock after purchasing an additional 6,222 shares during the period. Wolverine Asset Management LLC owned approximately 0.24% of Tri-Continental worth $4,022,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE boosted 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 valued at $187,000 after purchasing an additional 796 shares during the period. Mezzasalma Advisors LLC bought a new stake in Tri-Continental in the 4th quarter valued at about $206,000. Walleye Capital LLC acquired a new position in shares of Tri-Continental in the 3rd quarter valued at approximately $269,000. Crews Bank & Trust acquired a new position in shares of Tri-Continental in the 4th quarter valued at approximately $270,000. Finally, JSF Financial LLC acquired a new position in shares of Tri-Continental in the 4th quarter valued at approximately $310,000. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

Shares of NYSE:TY opened at $32.79 on Friday. The firm has a 50 day moving average of $32.15 and a 200-day moving average of $32.61. 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.