Shaker Financial Services LLC lessened its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 23.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,665 shares of the financial services provider's stock after selling 25,182 shares during the quarter. Shaker Financial Services LLC owned about 0.32% of Templeton Dragon Fund worth $792,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in Templeton Dragon Fund during the 1st quarter valued at approximately $100,000. Dakota Wealth Management raised its stake in Templeton Dragon Fund by 7.0% during the 1st quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 1,173 shares during the period. Calamos Advisors LLC raised its stake in Templeton Dragon Fund by 55.1% during the 1st quarter. Calamos Advisors LLC now owns 25,356 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 9,007 shares during the period. Matisse Capital raised its stake 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 period. Finally, Uncommon Cents Investing LLC grew its holdings in Templeton Dragon Fund by 3.9% during 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 in the last quarter. Institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Stock Performance
NYSE TDF traded down $0.01 during trading on Friday, hitting $10.30. 22,305 shares of the stock traded hands, compared to its average volume of 36,978. The firm has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $9.58. Templeton Dragon Fund, Inc. has a 12-month low of $7.54 and a 12-month high of $10.50.
Templeton Dragon Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 16th.
Templeton Dragon Fund Company Profile
(
Free Report)
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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