International Assets Investment Management LLC increased its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 754.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,167 shares of the financial services provider's stock after acquiring an additional 165,258 shares during the period. International Assets Investment Management LLC owned about 0.55% of Templeton Dragon Fund worth $1,529,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in shares of Templeton Dragon Fund in the 3rd quarter valued at $236,000. 1607 Capital Partners LLC boosted its holdings in Templeton Dragon Fund by 54.2% in the third quarter. 1607 Capital Partners LLC now owns 115,477 shares of the financial services provider's stock valued at $986,000 after acquiring an additional 40,600 shares during the last quarter. Karpus Management Inc. grew its position in shares of Templeton Dragon Fund by 53.1% during the 3rd quarter. Karpus Management Inc. now owns 221,590 shares of the financial services provider's stock worth $1,892,000 after buying an additional 76,823 shares during the period. Finally, City of London Investment Management Co. Ltd. raised its stake in shares of Templeton Dragon Fund by 5.3% during the third quarter. City of London Investment Management Co. Ltd. now owns 12,203,181 shares of the financial services provider's stock worth $104,215,000 after buying an additional 612,606 shares during the last quarter. Institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Price Performance
TDF stock traded up $0.08 during midday trading on Monday, reaching $7.88. The company's stock had a trading volume of 70,484 shares, compared to its average volume of 65,795. The business's 50-day simple moving average is $7.84 and its 200-day simple moving average is $8.00. Templeton Dragon Fund, Inc. has a 52 week low of $7.15 and a 52 week high of $10.13.
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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