City of London Investment Management Co. Ltd. decreased its position in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 2.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,564,512 shares of the financial services provider's stock after selling 179,518 shares during the period. Templeton Dragon Fund makes up 8.9% of City of London Investment Management Co. Ltd.'s portfolio, making the stock its 2nd largest position. City of London Investment Management Co. Ltd. owned approximately 33.78% of Templeton Dragon Fund worth $83,076,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in TDF. Elequin Capital LP acquired a new position in Templeton Dragon Fund in the 4th quarter worth $38,000. XTX Topco Ltd acquired a new position in Templeton Dragon Fund in the 1st quarter worth $100,000. Landscape Capital Management L.L.C. acquired a new position in Templeton Dragon Fund in the 4th quarter worth $92,000. Almitas Capital LLC acquired a new position in shares of Templeton Dragon Fund during the 4th quarter worth about $101,000. Finally, Dakota Wealth Management boosted its stake in shares of Templeton Dragon Fund by 7.0% during the 1st quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider's stock worth $174,000 after buying an additional 1,173 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company's stock.
Templeton Dragon Fund Trading Down 0.1%
Shares of Templeton Dragon Fund stock traded down $0.01 during trading hours on Friday, reaching $10.30. 22,305 shares of the company's stock were exchanged, compared to its average volume of 36,978. The company has a 50 day moving average of $10.07 and a two-hundred day moving average of $9.58. Templeton Dragon Fund, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $10.50.
Templeton Dragon Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, June 16th.
About Templeton Dragon Fund
(
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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