55,526 Shares in Templeton Dragon Fund, Inc. $TDF Acquired by Compound Planning Inc.

Key Points

• Compound Planning Inc. has acquired 55,526 shares of Templeton Dragon Fund, Inc. valued at approximately $539,000, representing about 0.22% ownership in the firm.
• Other institutional investors have also increased their stakes in Templeton Dragon Fund, with 47.20% of the stock currently owned by such investors.
• The fund recently announced a quarterly dividend of $0.10 per share, translating to an annualized basis of $0.40 and a dividend yield of 3.6%.

Compound Planning Inc. bought a new position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 55,526 shares of the financial services provider's stock, valued at approximately $539,000. Compound Planning Inc. owned approximately 0.22% of Templeton Dragon Fund as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in Templeton Dragon Fund in the 4th quarter valued at about $38,000. XTX Topco Ltd acquired a new stake in Templeton Dragon Fund in the 1st quarter valued at about $100,000. Almitas Capital LLC acquired a new stake in Templeton Dragon Fund in the 4th quarter valued at about $101,000. Dakota Wealth Management increased its position in Templeton Dragon Fund by 7.0% in the 1st quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position 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 acquiring an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 47.20% of the company's stock.

Templeton Dragon Fund Trading Up 1.7%

TDF traded up $0.19 during midday trading on Friday, hitting $11.21. The company had a trading volume of 65,166 shares, compared to its average volume of 37,374. Templeton Dragon Fund, Inc. has a twelve month low of $7.54 and a twelve month high of $11.26. The firm's 50-day simple moving average is $10.34 and its 200-day simple moving average is $9.80.

Templeton Dragon Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, June 16th.

Templeton Dragon Fund 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.