57,712 Shares in Tri-Continental Co. (NYSE:TY) Acquired by Platform Technology Partners

Platform Technology Partners bought a new position in shares of Tri-Continental Co. (NYSE:TY - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,712 shares of the investment management company's stock, valued at approximately $1,907,000. Platform Technology Partners owned 0.11% of Tri-Continental at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TY. Allspring Global Investments Holdings LLC increased its holdings in shares of Tri-Continental by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 441,730 shares of the investment management company's stock valued at $14,595,000 after purchasing an additional 15,350 shares during the period. International Assets Investment Management LLC grew its stake in shares of Tri-Continental by 3,203.9% during the third quarter. International Assets Investment Management LLC now owns 232,295 shares of the investment management company's stock valued at $7,031,000 after acquiring an additional 225,264 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in Tri-Continental by 18.1% during the 2nd quarter. Cornerstone Advisors LLC now owns 167,382 shares of the investment management company's stock worth $5,184,000 after acquiring an additional 25,646 shares in the last quarter. Shaker Financial Services LLC lifted its holdings in Tri-Continental by 69.7% during the 3rd quarter. Shaker Financial Services LLC now owns 161,057 shares of the investment management company's stock worth $5,321,000 after buying an additional 66,148 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Tri-Continental by 6.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 137,773 shares of the investment management company's stock worth $4,267,000 after buying an additional 7,759 shares during the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Tri-Continental Stock Performance

TY traded down $0.34 on Tuesday, reaching $33.72. The company had a trading volume of 94,193 shares, compared to its average volume of 38,151. The company has a fifty day moving average of $32.87 and a 200-day moving average of $31.64. Tri-Continental Co. has a one year low of $26.54 and a one year high of $34.30.

Tri-Continental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a $0.291 dividend. This is an increase from Tri-Continental's previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, September 13th.

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.