US Bancorp DE Takes Position in Templeton Dragon Fund, Inc. (NYSE:TDF)

US Bancorp DE acquired a new position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,600 shares of the financial services provider’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Karpus Management Inc. raised its position in shares of Templeton Dragon Fund by 64.0% during the first 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. International Assets Investment Management LLC grew its stake in Templeton Dragon Fund by 855.8% in the third quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock valued at $2,014,000 after purchasing an additional 196,913 shares in the last quarter. City of London Investment Management Co. Ltd. increased its holdings in shares of 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 acquiring an additional 132,137 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Templeton Dragon Fund by 6.2% during 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 last quarter. Finally, Wolverine Asset Management LLC grew its position in Templeton Dragon Fund by 1,622.4% in 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. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Trading Up 1.4 %

TDF opened at $8.70 on Tuesday. Templeton Dragon Fund, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $10.41. The firm’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $8.33.

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.