180 Wealth Advisors LLC Has $2.46 Million Stock Position in Templeton Dragon Fund, Inc. $TDF

Key Points

• 180 Wealth Advisors LLC has increased its stake in Templeton Dragon Fund, Inc. by 11.3%, owning approximately $2.46 million worth of stock after acquiring additional shares in the second quarter.
• The latest dividend announced by Templeton Dragon Fund was a quarterly payment of $0.10 per share, equating to an annualized dividend of $0.40 and a yield of 3.5%.
• Templeton Dragon Fund stock saw a 2.2% increase recently, with a current trading price of $11.56 and a fifty-two week high of $12.04.

180 Wealth Advisors LLC increased its position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,092 shares of the financial services provider's stock after purchasing an additional 25,059 shares during the period. 180 Wealth Advisors LLC owned about 0.97% of Templeton Dragon Fund worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Uncommon Cents Investing LLC lifted its holdings in Templeton Dragon Fund by 4.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 528,240 shares of the financial services provider's stock valued at $5,277,000 after purchasing an additional 20,830 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Templeton Dragon Fund in the first quarter valued at approximately $3,726,000. Matisse Capital boosted its holdings in shares of Templeton Dragon Fund by 4.0% in the 1st quarter. Matisse Capital now owns 342,000 shares of the financial services provider's stock worth $3,317,000 after acquiring an additional 13,000 shares in the last quarter. Compound Planning Inc. acquired a new position in shares of Templeton Dragon Fund in the 1st quarter worth approximately $539,000. Finally, Landscape Capital Management L.L.C. grew its position in Templeton Dragon Fund by 328.6% during the 1st quarter. Landscape Capital Management L.L.C. now owns 46,363 shares of the financial services provider's stock worth $450,000 after acquiring an additional 35,546 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company's stock.

Templeton Dragon Fund Stock Up 2.2%

TDF stock opened at $11.56 on Friday. The business has a fifty day moving average price of $11.36 and a 200 day moving average price of $10.29. Templeton Dragon Fund, Inc. has a fifty-two week low of $8.07 and a fifty-two week high of $12.04.

Templeton Dragon Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, September 18th.

Templeton Dragon Fund Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.