Wolverine Asset Management LLC Lowers Stake in Templeton Dragon Fund, Inc. (NYSE:TDF)

Key Points

• Wolverine Asset Management LLC significantly reduced its stake in Templeton Dragon Fund by **91.5%**, owning only **20,567 shares** after selling **221,496 shares** in the first quarter.
• Other institutional investors like **XTX Topco Ltd** and **Calamos Advisors LLC** increased their holdings in Templeton Dragon Fund, with Calamos growing by **55.1%** to own **25,356 shares**.
• Templeton Dragon Fund recently announced a **quarterly dividend** of **$0.10**, representing an annualized yield of **3.9%**, with the ex-dividend date set for **June 16th**.

Wolverine Asset Management LLC cut its position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 91.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,567 shares of the financial services provider's stock after selling 221,496 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.08% of Templeton Dragon Fund worth $199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TDF. XTX Topco Ltd purchased a new stake in Templeton Dragon Fund in the first quarter valued at approximately $100,000. Dakota Wealth Management grew its holdings in Templeton Dragon Fund by 7.0% in the first 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 grew its holdings in Templeton Dragon Fund by 55.1% in the first 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 grew its holdings in Templeton Dragon Fund by 4.0% in the first 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% in the first quarter. Uncommon Cents Investing LLC now owns 507,410 shares of the financial services provider's stock valued at $4,922,000 after purchasing an additional 19,170 shares during the period. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

Templeton Dragon Fund Stock Performance

Templeton Dragon Fund stock opened at $10.28 on Tuesday. Templeton Dragon Fund, Inc. has a 1 year low of $7.54 and a 1 year high of $10.50. The firm has a 50 day moving average price of $10.08 and a 200 day moving average price of $9.61.

Templeton Dragon Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, June 16th.

About Templeton Dragon Fund

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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