International Assets Investment Management LLC Cuts Holdings in Templeton Dragon Fund, Inc. (NYSE:TDF)

International Assets Investment Management LLC trimmed its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 90.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,009 shares of the financial services provider’s stock after selling 198,913 shares during the period. International Assets Investment Management LLC owned approximately 0.08% of Templeton Dragon Fund worth $176,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TDF. Public Employees Retirement System of Ohio purchased a new stake in Templeton Dragon Fund during the 3rd quarter valued at $10,922,000. City of London Investment Management Co. Ltd. boosted its stake in Templeton Dragon Fund by 1.6% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock valued at $67,552,000 after purchasing an additional 132,137 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Templeton Dragon Fund by 116.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after purchasing an additional 76,137 shares during the last quarter. Dakota Wealth Management purchased a new stake in Templeton Dragon Fund during the 3rd quarter valued at $154,000. Finally, US Bancorp DE purchased a new stake in Templeton Dragon Fund during the 3rd quarter valued at $33,000. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

Templeton Dragon Fund Trading Down 0.4 %

Shares of TDF opened at $8.08 on Tuesday. The business’s fifty day simple moving average is $8.61 and its two-hundred day simple moving average is $8.38. Templeton Dragon Fund, Inc. has a 12 month low of $7.15 and a 12 month high of $10.41.

Templeton Dragon Fund Company 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.