Koshinski Asset Management Inc. grew its position in shares of Tri-Continental Co. (NYSE:TY) by 6.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,180 shares of the investment management company’s stock after purchasing an additional 900 shares during the period. Koshinski Asset Management Inc.’s holdings in Tri-Continental were worth $373,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. C J Advisory Inc acquired a new position in shares of Tri-Continental in the 1st quarter worth $43,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Tri-Continental by 31.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,031 shares of the investment management company’s stock worth $53,000 after acquiring an additional 489 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Tri-Continental in the 4th quarter worth $50,000. Oppenheimer & Co. Inc. acquired a new position in shares of Tri-Continental in the 1st quarter worth $212,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Tri-Continental in the 1st quarter worth $218,000. Institutional investors own 9.84% of the company’s stock.
Shares of NYSE TY traded up $0.04 during mid-day trading on Friday, reaching $26.80. The company had a trading volume of 38,058 shares, compared to its average volume of 39,982. Tri-Continental Co. has a 1-year low of $21.83 and a 1-year high of $28.19.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.96%. This is a boost from Tri-Continental’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, June 18th.
WARNING: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2019/06/15/tri-continental-co-nysety-shares-bought-by-koshinski-asset-management-inc.html.
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.
Further Reading: Fundamental Analysis and Individual Investors
Want to see what other hedge funds are holding TY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri-Continental Co. (NYSE:TY).
Receive News & Ratings for Tri-Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri-Continental and related companies with MarketBeat.com's FREE daily email newsletter.