Koshinski Asset Management Inc. Purchases 5,337 Shares of Tri-Continental Co. (NYSE:TY)

Koshinski Asset Management Inc. boosted its position in Tri-Continental Co. (NYSE:TY) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,177 shares of the investment management company’s stock after acquiring an additional 5,337 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Tri-Continental were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in Tri-Continental by 4.8% in the fourth quarter. Morgan Stanley now owns 697,482 shares of the investment management company’s stock valued at $17,877,000 after acquiring an additional 31,678 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Tri-Continental by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 567,088 shares of the investment management company’s stock valued at $16,349,000 after buying an additional 121,196 shares during the period. Lazard Asset Management LLC boosted its position in Tri-Continental by 1.5% during the first quarter. Lazard Asset Management LLC now owns 451,748 shares of the investment management company’s stock valued at $13,931,000 after buying an additional 6,840 shares during the period. Wells Fargo & Company MN boosted its position in Tri-Continental by 0.3% during the second quarter. Wells Fargo & Company MN now owns 268,843 shares of the investment management company’s stock valued at $7,372,000 after buying an additional 689 shares during the period. Finally, UBS Group AG boosted its position in Tri-Continental by 53.1% during the first quarter. UBS Group AG now owns 252,339 shares of the investment management company’s stock valued at $6,700,000 after buying an additional 87,518 shares during the period. Institutional investors own 10.22% of the company’s stock.

Tri-Continental Stock Performance

NYSE TY opened at $29.68 on Monday. The company has a 50-day simple moving average of $29.90 and a two-hundred day simple moving average of $28.42. Tri-Continental Co. has a 12-month low of $25.16 and a 12-month high of $30.95.

Tri-Continental Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 11th were given a dividend of $0.256 per share. The ex-dividend date was Friday, March 8th. This represents a $1.02 annualized dividend and a yield of 3.45%.

Tri-Continental Company Profile

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.