Landscape Capital Management L.L.C. Purchases 35,546 Shares of Templeton Dragon Fund, Inc. $TDF

Key Points

• Landscape Capital Management L.L.C. significantly increased its holdings in Templeton Dragon Fund, Inc. by 328.6% in the first quarter, acquiring a total of 46,363 shares valued at approximately $450,000.
• The Templeton Dragon Fund announced a quarterly dividend of $0.10 per share, resulting in an annualized dividend yield of 3.6%.
• Shares of Templeton Dragon Fund opened at $11.21, reflecting a 12-month range between a low of $7.54 and a high of $11.26.

Landscape Capital Management L.L.C. increased its stake in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 328.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,363 shares of the financial services provider's stock after purchasing an additional 35,546 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.18% of Templeton Dragon Fund worth $450,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TDF. Raymond James Financial Inc. acquired a new stake in shares of Templeton Dragon Fund during the first quarter worth approximately $3,726,000. Compound Planning Inc. acquired a new stake in shares of Templeton Dragon Fund during the first quarter worth approximately $539,000. 180 Wealth Advisors LLC boosted its holdings in shares of Templeton Dragon Fund by 26.6% during the first quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock worth $2,144,000 after purchasing an additional 46,509 shares during the period. Uncommon Cents Investing LLC boosted its holdings in shares of Templeton Dragon Fund by 3.9% during the first quarter. Uncommon Cents Investing LLC now owns 507,410 shares of the financial services provider's stock worth $4,922,000 after purchasing an additional 19,170 shares during the period. Finally, Quantedge Capital Pte Ltd boosted its holdings in shares of Templeton Dragon Fund by 21.7% during the fourth quarter. Quantedge Capital Pte Ltd now owns 73,416 shares of the financial services provider's stock worth $623,000 after purchasing an additional 13,100 shares during the period. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Templeton Dragon Fund Price Performance

NYSE TDF traded up $0.03 during trading on Wednesday, reaching $11.32. The company's stock had a trading volume of 63,042 shares, compared to its average volume of 34,199. The business has a 50-day moving average price of $10.42 and a 200-day moving average price of $9.83. Templeton Dragon Fund, Inc. has a 1-year low of $7.54 and a 1-year high of $11.41.

Templeton Dragon Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.10 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 3.5%.

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.