Lazard Asset Management LLC lowered its stake in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,675,162 shares of the financial services provider's stock after selling 32,167 shares during the quarter. Lazard Asset Management LLC owned 10.55% of Templeton Dragon Fund worth $22,712,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. purchased a new position in shares of Templeton Dragon Fund in the fourth quarter worth $92,000. Almitas Capital LLC bought a new stake in Templeton Dragon Fund in the 4th quarter worth $101,000. Calamos Advisors LLC bought a new stake in Templeton Dragon Fund in the 4th quarter worth $139,000. Wells Fargo & Company MN increased its position in shares of Templeton Dragon Fund by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 1,107 shares during the period. Finally, Cohen & Steers Inc. bought a new position in shares of Templeton Dragon Fund during the fourth quarter valued at about $255,000. Hedge funds and other institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Stock Performance
Shares of Templeton Dragon Fund stock traded up $0.02 during trading on Monday, reaching $9.67. 37,687 shares of the stock were exchanged, compared to its average volume of 73,429. Templeton Dragon Fund, Inc. has a 1 year low of $7.49 and a 1 year high of $10.41. The stock's fifty day moving average is $9.36 and its 200 day moving average is $8.99.
Templeton Dragon Fund Cuts Dividend
The firm also recently disclosed a -- dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.10 dividend. The ex-dividend date was Monday, March 17th. This represents a dividend yield of 2.2%.
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.
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