American Asset Management Inc. lessened its position in Tri-Continental Co. (NYSE:TY) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,743 shares of the investment management company’s stock after selling 757 shares during the period. American Asset Management Inc.’s holdings in Tri-Continental were worth $361,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Nvwm LLC acquired a new stake in Tri-Continental in the fourth quarter valued at approximately $25,000. Karp Capital Management Corp bought a new position in shares of Tri-Continental in the fourth quarter valued at approximately $50,000. We Are One Seven LLC bought a new position in shares of Tri-Continental in the fourth quarter valued at approximately $52,000. Segall Bryant & Hamill LLC bought a new position in shares of Tri-Continental in the fourth quarter valued at approximately $201,000. Finally, St. James Investment Company LLC lifted its holdings in shares of Tri-Continental by 6.6% in the fourth quarter. St. James Investment Company LLC now owns 11,380 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 705 shares in the last quarter. 10.49% of the stock is owned by hedge funds and other institutional investors.
Shares of TY stock traded up $0.04 during trading hours on Monday, reaching $27.00. The company had a trading volume of 1,187 shares, compared to its average volume of 58,280. Tri-Continental Co. has a 12 month low of $21.83 and a 12 month high of $28.19.
ILLEGAL ACTIVITY NOTICE: “American Asset Management Inc. Trims Holdings in Tri-Continental Co. (TY)” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2019/04/15/american-asset-management-inc-trims-holdings-in-tri-continental-co-ty.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.
Featured Story: What is a growth and income fund?
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.