Lazard Asset Management LLC cut its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of TDF. 180 Wealth Advisors LLC boosted its stake in shares of Templeton Dragon Fund by 68.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider's stock valued at $1,482,000 after buying an additional 71,032 shares in the last quarter. Matisse Capital purchased a new stake in shares of Templeton Dragon Fund in the fourth quarter valued at approximately $2,793,000. Calamos Advisors LLC purchased a new stake in shares of Templeton Dragon Fund in the fourth quarter valued at approximately $139,000. Wolverine Asset Management LLC boosted its stake in shares of Templeton Dragon Fund by 71.4% in the fourth quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider's stock valued at $2,055,000 after buying an additional 100,819 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Templeton Dragon Fund by 89.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,915 shares of the financial services provider's stock valued at $339,000 after buying an additional 18,815 shares in the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.
Templeton Dragon Fund Stock Up 0.3%
Shares of Templeton Dragon Fund stock traded up $0.03 during trading on Friday, reaching $9.64. The company's stock had a trading volume of 57,082 shares, compared to its average volume of 73,456. Templeton Dragon Fund, Inc. has a 12-month low of $7.49 and a 12-month high of $10.41. The business has a 50 day moving average price of $9.36 and a 200-day moving average price of $8.99.
Templeton Dragon Fund Cuts Dividend
The firm also recently declared a -- dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.10 dividend. The ex-dividend date was Monday, March 17th. This represents a dividend yield of 2.2%.
Templeton Dragon Fund 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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