Templeton Dragon Fund, Inc. (NYSE:TDF) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF) by 855.8% in the third quarter, Holdings Channel reports. The firm owned 219,922 shares of the financial services provider’s stock after buying an additional 196,913 shares during the period. International Assets Investment Management LLC’s holdings in Templeton Dragon Fund were worth $2,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDF. PNC Financial Services Group Inc. boosted its holdings in Templeton Dragon Fund by 336.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 9,042 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in Templeton Dragon Fund in the 2nd quarter worth approximately $271,000. Wolverine Asset Management LLC grew its position in Templeton Dragon Fund by 1,622.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 65,107 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 61,327 shares during the last quarter. Shaker Financial Services LLC grew its position in Templeton Dragon Fund by 38.0% during the 2nd quarter. Shaker Financial Services LLC now owns 99,946 shares of the financial services provider’s stock worth $802,000 after purchasing an additional 27,509 shares during the last quarter. Finally, Karpus Management Inc. increased its stake in Templeton Dragon Fund by 64.0% during the 1st quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider’s stock valued at $4,615,000 after purchasing an additional 229,046 shares in the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

Templeton Dragon Fund Trading Up 0.2 %

NYSE:TDF opened at $8.88 on Monday. The firm has a fifty day simple moving average of $8.54 and a 200-day simple moving average of $8.27. Templeton Dragon Fund, Inc. has a 12 month low of $7.15 and a 12 month high of $10.41.

Templeton Dragon Fund Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.1155 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 3%.

Templeton Dragon Fund Profile

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.