1607 Capital Partners LLC decreased its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 43.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,138 shares of the financial services provider's stock after selling 39,458 shares during the period. 1607 Capital Partners LLC owned approximately 0.20% of Templeton Dragon Fund worth $496,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in TDF. Raymond James Financial Inc. purchased a new stake in shares of Templeton Dragon Fund in the 1st quarter valued at $3,726,000. Compound Planning Inc. purchased a new stake in shares of Templeton Dragon Fund in the 1st quarter valued at $539,000. 180 Wealth Advisors LLC boosted its position in Templeton Dragon Fund by 26.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock valued at $2,144,000 after buying an additional 46,509 shares during the period. Landscape Capital Management L.L.C. boosted its position in Templeton Dragon Fund by 328.6% during the 1st quarter. Landscape Capital Management L.L.C. now owns 46,363 shares of the financial services provider's stock valued at $450,000 after buying an additional 35,546 shares during the period. Finally, Uncommon Cents Investing LLC boosted its position 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 during the period. Hedge funds and other institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Trading Up 0.9%
Shares of NYSE:TDF traded up $0.10 on Friday, hitting $11.20. The company had a trading volume of 107,390 shares, compared to its average volume of 37,419. The firm's 50-day simple moving average is $10.46 and its two-hundred day simple moving average is $9.86. 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 business also recently announced 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 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, June 16th.
About Templeton Dragon Fund
(
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.
Featured Articles
Before you consider Templeton Dragon Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Templeton Dragon Fund wasn't on the list.
While Templeton Dragon Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
