Raymond James Financial Inc. Makes New Investment in Templeton Dragon Fund, Inc. $TDF

Key Points

• Raymond James Financial Inc. purchased a new stake in Templeton Dragon Fund, acquiring 384,161 shares valued at approximately $3.7 million, representing about 1.52% ownership in the fund.
• The Templeton Dragon Fund announced a quarterly dividend of $0.10 per share, translating to an annualized yield of 3.6% for investors.
• Several institutional investors have raised their stakes in Templeton Dragon Fund; notably, 180 Wealth Advisors LLC increased its ownership by 26.6% in the first quarter.

Raymond James Financial Inc. acquired a new position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 384,161 shares of the financial services provider's stock, valued at approximately $3,726,000. Raymond James Financial Inc. owned approximately 1.52% of Templeton Dragon Fund at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC increased its holdings in 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 valued at $4,922,000 after buying an additional 19,170 shares during the period. Matisse Capital lifted its holdings in Templeton Dragon Fund by 4.0% during the 1st quarter. Matisse Capital now owns 342,000 shares of the financial services provider's stock valued at $3,317,000 after purchasing an additional 13,000 shares during the last quarter. 180 Wealth Advisors LLC grew its position in Templeton Dragon Fund by 26.6% in the first quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock valued at $2,144,000 after acquiring an additional 46,509 shares during the last quarter. Quantedge Capital Pte Ltd boosted its holdings in Templeton Dragon Fund by 21.7% in the fourth quarter. Quantedge Capital Pte Ltd now owns 73,416 shares of the financial services provider's stock valued at $623,000 after acquiring an additional 13,100 shares during the last quarter. Finally, CSS LLC IL boosted its holdings in shares of Templeton Dragon Fund by 6.8% during the 4th quarter. CSS LLC IL now owns 31,274 shares of the financial services provider's stock worth $266,000 after buying an additional 2,000 shares in the last quarter. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Trading Up 0.1%

NYSE TDF traded up $0.01 on Wednesday, reaching $11.35. The company had a trading volume of 88,662 shares, compared to its average volume of 70,332. Templeton Dragon Fund, Inc. has a 52-week low of $7.54 and a 52-week high of $11.45. The company's fifty day moving average is $10.52 and its 200 day moving average is $9.89.

Templeton Dragon Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.5%.

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.