Cohen & Steers Inc. acquired a new stake in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,000 shares of the financial services provider's stock, valued at approximately $255,000. Cohen & Steers Inc. owned about 0.12% of Templeton Dragon Fund at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of TDF. Landscape Capital Management L.L.C. purchased a new position in Templeton Dragon Fund during the fourth quarter worth about $92,000. Calamos Advisors LLC bought a new stake in shares of Templeton Dragon Fund during the fourth quarter valued at about $139,000. Wells Fargo & Company MN boosted its holdings in Templeton Dragon Fund by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider's stock valued at $176,000 after purchasing an additional 1,107 shares during the period. HighTower Advisors LLC grew its position in Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider's stock worth $192,000 after buying an additional 1,449 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Templeton Dragon Fund by 89.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,915 shares of the financial services provider's stock worth $339,000 after purchasing an additional 18,815 shares during the last quarter. Institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Stock Performance
NYSE:TDF traded up $0.04 during mid-day trading on Monday, reaching $8.83. The stock had a trading volume of 6,106 shares, compared to its average volume of 101,633. Templeton Dragon Fund, Inc. has a one year low of $7.49 and a one year high of $10.41. The firm has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $8.97.
Templeton Dragon Fund Cuts Dividend
The business also recently declared a -- dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.10 dividend. This represents a yield of 2.2%. The ex-dividend date was Monday, March 17th.
Templeton Dragon Fund Company Profile
(
Free Report)
Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.
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