Dakota Wealth Management Acquires New Position in Templeton Dragon Fund, Inc. (NYSE:TDF)

Dakota Wealth Management acquired a new stake in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,773 shares of the financial services provider’s stock, valued at approximately $154,000. Dakota Wealth Management owned 0.07% of Templeton Dragon Fund at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. boosted its stake in Templeton Dragon Fund by 1.6% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock worth $67,552,000 after purchasing an additional 132,137 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Templeton Dragon Fund by 6.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,185,826 shares of the financial services provider’s stock worth $17,530,000 after purchasing an additional 127,682 shares during the period. Karpus Management Inc. boosted its stake in Templeton Dragon Fund by 64.0% in the 1st quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider’s stock worth $4,615,000 after purchasing an additional 229,046 shares during the period. Uncommon Cents Investing LLC boosted its stake in Templeton Dragon Fund by 0.3% in the 1st quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock worth $3,761,000 after purchasing an additional 1,450 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Templeton Dragon Fund by 855.8% in the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 196,913 shares during the period. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Stock Down 1.2 %

Shares of TDF opened at $8.93 on Wednesday. Templeton Dragon Fund, Inc. has a 1 year low of $7.15 and a 1 year high of $10.41. The business’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $8.24.

Templeton Dragon Fund Cuts Dividend

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

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.