Compound Planning Inc. Acquires Shares of 55,526 Templeton Dragon Fund, Inc. $TDF

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. acquired a new stake in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,526 shares of the financial services provider's stock, valued at approximately $539,000. Compound Planning Inc. owned about 0.22% of Templeton Dragon Fund at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Uncommon Cents Investing LLC lifted its position in shares of Templeton Dragon Fund by 3.9% in the 1st quarter. Uncommon Cents Investing LLC now owns 507,410 shares of the financial services provider's stock worth $4,922,000 after buying an additional 19,170 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Templeton Dragon Fund in the 1st quarter worth about $3,726,000. Matisse Capital lifted its position 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 buying an additional 13,000 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Templeton Dragon Fund by 26.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock worth $2,144,000 after buying an additional 46,509 shares during the last quarter. Finally, Quantedge Capital Pte Ltd lifted its position in shares of Templeton Dragon Fund by 21.7% in the 4th quarter. Quantedge Capital Pte Ltd now owns 73,416 shares of the financial services provider's stock worth $623,000 after buying an additional 13,100 shares during the last quarter. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Stock Performance

Templeton Dragon Fund stock opened at $11.10 on Tuesday. The firm's 50-day moving average is $10.24 and its 200-day moving average is $9.74. Templeton Dragon Fund, Inc. has a 1 year low of $7.54 and a 1 year high of $11.19.

Templeton Dragon Fund Dividend Announcement

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

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.

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