Public Employees Retirement System of Ohio Invests $6.57 Million in Templeton Dragon Fund, Inc. $TDF

Key Points

• Public Employees Retirement System of Ohio initiated a 603,658-share position in Templeton Dragon Fund, valued at approximately $6.57 million and representing 2.40% ownership.
• Institutional ownership of Templeton Dragon Fund stands at 47.20%, with several investors—including Royal Bank of Canada and Quantedge Capital—adding to or initiating positions.
• TDF shares were trading at $10.72, down 1.0%, with a 12-month range of $10.26 to $12.20. The fund invests in equities tied to Mainland China, Hong Kong and Taiwan.

Public Employees Retirement System of Ohio bought a new position in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 603,658 shares of the financial services provider's stock, valued at approximately $6,574,000. Public Employees Retirement System of Ohio owned 2.40% of Templeton Dragon Fund at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Templeton Dragon Fund by 29.0% during the first quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,000 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Templeton Dragon Fund during the third quarter valued at about $144,000. XTX Topco Ltd purchased a new position in Templeton Dragon Fund in the 4th quarter worth approximately $147,000. Quantedge Capital Pte Ltd lifted its holdings in shares of Templeton Dragon Fund by 10.3% in the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider's stock worth $443,000 after buying an additional 3,900 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in Templeton Dragon Fund by 3.9% in the 4th quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider's stock worth $679,000 after purchasing an additional 2,241 shares in the last quarter. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Trading Down 1.0%

NYSE:TDF opened at $10.72 on Wednesday. Templeton Dragon Fund, Inc. has a 12 month low of $10.26 and a 12 month high of $12.20. The business's 50-day moving average is $10.80 and its 200 day moving average is $11.00.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund NYSE: TDF is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund's primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.

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