Allspring Global Investments Holdings LLC decreased its stake in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,014,046 shares of the financial services provider's stock after selling 82,958 shares during the period. Allspring Global Investments Holdings LLC owned 7.94% of Templeton Dragon Fund worth $17,099,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in Templeton Dragon Fund during the 3rd quarter worth about $33,000. Calamos Advisors LLC purchased a new stake in shares of Templeton Dragon Fund in the 4th quarter valued at about $139,000. Dakota Wealth Management purchased a new stake in shares of Templeton Dragon Fund in the 3rd quarter valued at about $154,000. HighTower Advisors LLC raised its holdings in shares of Templeton Dragon Fund by 7.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider's stock valued at $192,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Templeton Dragon Fund by 116.9% in 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 acquiring an additional 76,137 shares in the last quarter. Hedge funds and other institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Stock Performance
Shares of NYSE:TDF traded up $0.05 on Wednesday, hitting $9.39. The company's stock had a trading volume of 116,510 shares, compared to its average volume of 96,297. The company has a 50-day simple moving average of $8.65 and a 200 day simple moving average of $8.53. Templeton Dragon Fund, Inc. has a 1 year low of $7.49 and a 1 year high of $10.41.
Templeton Dragon Fund Company Profile
(
Free Report)
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.
See Also
Before you consider Templeton Dragon Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Templeton Dragon Fund wasn't on the list.
While Templeton Dragon Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
