Tri Continental (NYSE:TY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Tri Continental Corporation (NYSE:TY)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.57 and traded as low as $33.30. Tri Continental shares last traded at $33.40, with a volume of 43,569 shares changing hands.

Tri Continental Stock Down 0.1%

The company has a 50 day moving average of $33.08 and a 200 day moving average of $33.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Retirement Investments LLC acquired a new stake in shares of Tri Continental in the 4th quarter valued at $29,000. HM Payson & Co. bought a new position in Tri Continental during the third quarter valued at about $35,000. BNP Paribas Financial Markets lifted its position in shares of Tri Continental by 529.5% in the second quarter. BNP Paribas Financial Markets now owns 1,259 shares of the investment management company’s stock worth $40,000 after buying an additional 1,059 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Tri Continental during the 4th quarter worth about $54,000. Finally, Advocate Investing Services LLC bought a new stake in shares of Tri Continental during the 4th quarter worth about $54,000. Institutional investors own 10.22% of the company’s stock.

About Tri Continental

Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.

The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.