Tri-Continental Corporation (TY)
Tri-Continental Corporation operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $34.62, up 0.52% on the session, giving a market capitalisation of $1.84B. On trailing twelve-month figures it carries a trailing P/E of 5.57, a net margin of 134.5%. Its beta of 0.85 implies it has historically moved less than the broad market.
The Tri-Continental Corporation operates as a closed-end equity mutual fund, managed by Columbia Management Investment Advisers, LLC. Its core strategy involves investing in publicly traded large-capitalization companies spanning various sectors within the United States equity markets. The fund's investment performance is benchmarked against the S&P 500 Index. Established in January 1929, it is legally domiciled in the United States.
Tri-Continental Corporation is most often compared with the following Financial Services names: