Platform Technology Partners Sells 36,031 Shares of Tri Continental Corporation (NYSE:TY)

Platform Technology Partners decreased its holdings in shares of Tri Continental Corporation (NYSE:TY - Free Report) by 36.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,500 shares of the investment management company's stock after selling 36,031 shares during the quarter. Platform Technology Partners owned approximately 0.11% of Tri Continental worth $1,886,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TY. CoreFirst Bank & Trust bought a new stake in Tri Continental in the fourth quarter worth $35,000. Anchor Investment Management LLC acquired a new stake in shares of Tri Continental in the fourth quarter worth about $63,000. Comerica Bank boosted its stake in shares of Tri Continental by 103.9% during the 4th quarter. Comerica Bank now owns 2,551 shares of the investment management company's stock worth $81,000 after acquiring an additional 1,300 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Tri Continental during the 4th quarter valued at about $96,000. Finally, Bfsg LLC acquired a new position in shares of Tri Continental during the 1st quarter valued at about $104,000. Institutional investors own 10.22% of the company's stock.

Tri Continental Stock Performance

TY opened at $31.97 on Friday. The business has a 50 day moving average price of $31.24 and a 200 day moving average price of $31.13. Tri Continental Corporation has a twelve month low of $26.54 and a twelve month high of $34.82.

Tri Continental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Monday, June 16th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.63%. This is a boost from Tri Continental's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 16th.

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.

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