International Assets Investment Management LLC cut its position in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 90.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,009 shares of the financial services provider's stock after selling 198,913 shares during the quarter. International Assets Investment Management LLC owned 0.08% of Templeton Dragon Fund worth $176,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of TDF. City of London Investment Management Co. Ltd. raised its holdings 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 worth $67,552,000 after purchasing an additional 132,137 shares during the last quarter. Dakota Wealth Management acquired a new position in Templeton Dragon Fund in the third quarter valued at $154,000. US Bancorp DE acquired a new stake in Templeton Dragon Fund during the 3rd quarter worth about $33,000. Wolverine Asset Management LLC boosted its position in shares of 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 in the last quarter. Finally, HighTower Advisors LLC grew its stake in Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider's stock worth $192,000 after purchasing an additional 1,449 shares during the period. 47.20% of the stock is owned by institutional investors and hedge funds.
Templeton Dragon Fund Stock Performance
Shares of TDF traded up $0.15 during trading hours on Tuesday, hitting $8.23. The stock had a trading volume of 51,500 shares, compared to its average volume of 102,613. Templeton Dragon Fund, Inc. has a 1-year low of $7.15 and a 1-year high of $10.41. The firm has a 50 day simple moving average of $8.59 and a 200-day simple moving average of $8.38.
About Templeton Dragon Fund
(
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.
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