International Assets Investment Management LLC Buys 196,913 Shares of Templeton Dragon Fund, Inc. (NYSE:TDF)

International Assets Investment Management LLC increased its position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF - Free Report) by 855.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,922 shares of the financial services provider's stock after acquiring an additional 196,913 shares during the quarter. International Assets Investment Management LLC owned about 0.87% of Templeton Dragon Fund worth $2,014,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TDF. City of London Investment Management Co. Ltd. lifted its stake in shares of Templeton Dragon Fund by 4.5% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 8,290,745 shares of the financial services provider's stock valued at $65,165,000 after purchasing an additional 356,761 shares during the period. Karpus Management Inc. grew its position in shares of Templeton Dragon Fund by 64.0% during the 1st quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider's stock worth $4,615,000 after buying an additional 229,046 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of 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 valued at $17,530,000 after acquiring an additional 127,682 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of 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 valued at $522,000 after acquiring an additional 61,327 shares during the period. Finally, 180 Wealth Advisors LLC bought a new position in Templeton Dragon Fund during the 2nd quarter worth approximately $271,000. Institutional investors own 47.20% of the company's stock.

Templeton Dragon Fund Stock Up 1.9 %

NYSE:TDF traded up $0.17 during trading hours on Monday, hitting $9.05. The stock had a trading volume of 32,434 shares, compared to its average volume of 58,002. The business's 50 day moving average is $8.54 and its 200-day moving average is $8.27. Templeton Dragon Fund, Inc. has a one year low of $7.15 and a one year high of $10.41.

Templeton Dragon Fund Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.1155 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a 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.