Templeton Dragon Fund (NYSE:TDF) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• TDF crossed below its 200‑day moving average: the 200‑day MA is $11.41 and the stock traded as low as $10.47, last at $10.6050 on volume of 25,135 shares.
• Dividend yield: the fund paid a $0.10 quarterly dividend (paid March 31, record/ex‑dividend March 24), implying an annualized $0.40 and a ~3.8% yield.
• Significant institutional ownership: about 47.2% of shares are held by hedge funds and institutions, with several firms (e.g., Newbridge, Compound Planning, Ameriprise) recently initiating or adding to positions.

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.41 and traded as low as $10.47. Templeton Dragon Fund shares last traded at $10.6050, with a volume of 25,135 shares trading hands.

Templeton Dragon Fund Stock Up 0.1%

The business's 50 day simple moving average is $11.32 and its two-hundred day simple moving average is $11.41.

Templeton Dragon Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Templeton Dragon Fund

A number of institutional investors and hedge funds have recently modified their holdings of TDF. Flagship Harbor Advisors LLC bought a new stake in shares of Templeton Dragon Fund in the 4th quarter worth approximately $51,000. Ameriprise Financial Inc. purchased a new stake in Templeton Dragon Fund in the third quarter worth $144,000. XTX Topco Ltd purchased a new stake in Templeton Dragon Fund in the fourth quarter worth $147,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Templeton Dragon Fund in the second quarter valued at $576,000. Finally, Compound Planning Inc. raised its stake in shares of Templeton Dragon Fund by 3.9% in the fourth quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider's stock valued at $679,000 after buying an additional 2,241 shares during the period. 47.20% of the stock is owned by hedge funds and other institutional investors.

About Templeton Dragon Fund

Templeton Dragon Fund NYSE: TDF is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund's primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.

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