Tower Wealth Partners Inc. Purchases 471 Shares of Tri Continental Corporation $TY

Tower Wealth Partners Inc. raised its position in Tri Continental Corporation (NYSE:TY) by 3.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,323 shares of the investment management company’s stock after acquiring an additional 471 shares during the period. Tower Wealth Partners Inc.’s holdings in Tri Continental were worth $453,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. MGO One Seven LLC increased its position in shares of Tri Continental by 2.8% during the 2nd quarter. MGO One Seven LLC now owns 21,101 shares of the investment management company’s stock worth $668,000 after purchasing an additional 584 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Tri Continental by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 26,149 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 666 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Tri Continental by 2.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 35,443 shares of the investment management company’s stock valued at $1,122,000 after acquiring an additional 679 shares during the period. Allworth Financial LP grew its position in shares of Tri Continental by 5.5% in the 1st quarter. Allworth Financial LP now owns 16,448 shares of the investment management company’s stock valued at $481,000 after acquiring an additional 863 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Tri Continental by 49.7% in the 1st quarter. Jones Financial Companies Lllp now owns 2,643 shares of the investment management company’s stock valued at $83,000 after acquiring an additional 877 shares during the period. Institutional investors own 10.22% of the company’s stock.

Tri Continental Price Performance

Shares of TY opened at $34.04 on Thursday. The firm has a 50-day moving average of $33.64 and a 200-day moving average of $31.81. Tri Continental Corporation has a one year low of $26.54 and a one year high of $34.82.

Tri Continental Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Tuesday, September 16th were issued a dividend of $0.2654 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.1%.

About Tri Continental

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.