Allspring Global Investments Holdings LLC lowered its stake in Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097,004 shares of the financial services provider's stock after selling 88,822 shares during the period. Allspring Global Investments Holdings LLC owned about 8.27% of Templeton Dragon Fund worth $19,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Templeton Dragon Fund by 336.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider's stock worth $96,000 after purchasing an additional 9,042 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in shares of Templeton Dragon Fund by 0.3% during the 1st quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider's stock worth $3,761,000 after acquiring an additional 1,450 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its position in shares of Templeton Dragon Fund by 4.5% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 8,290,745 shares of the financial services provider's stock worth $65,165,000 after acquiring an additional 356,761 shares in the last quarter. Karpus Management Inc. increased its holdings in shares of 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 valued at $4,615,000 after acquiring an additional 229,046 shares during the last quarter. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Templeton Dragon Fund during the 2nd quarter worth about $271,000. Hedge funds and other institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Stock Performance
Templeton Dragon Fund stock traded up $0.11 during mid-day trading on Friday, hitting $9.02. The company had a trading volume of 50,688 shares, compared to its average volume of 58,641. Templeton Dragon Fund, Inc. has a 1 year low of $7.15 and a 1 year high of $10.41. The business has a fifty day moving average of $8.41 and a 200 day moving average of $8.22.
Templeton Dragon Fund Cuts Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.1155 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 3%.
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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