City of London Investment Management Co. Ltd. Boosts Position in Templeton Dragon Fund, Inc. (NYSE:TDF)

City of London Investment Management Co. Ltd. boosted its stake in Templeton Dragon Fund, Inc. (NYSE:TDF) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,422,882 shares of the financial services provider’s stock after purchasing an additional 132,137 shares during the quarter. Templeton Dragon Fund comprises approximately 5.8% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 4th biggest holding. City of London Investment Management Co. Ltd. owned approximately 0.33% of Templeton Dragon Fund worth $67,552,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Karpus Management Inc. lifted its stake in Templeton Dragon Fund by 61.6% during the fourth quarter. Karpus Management Inc. now owns 358,089 shares of the financial services provider’s stock worth $2,926,000 after purchasing an additional 136,499 shares during the last quarter. Quarry LP bought a new stake in Templeton Dragon Fund in the 4th quarter worth approximately $309,000. PNC Financial Services Group Inc. boosted its stake in Templeton Dragon Fund by 336.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $96,000 after buying an additional 9,042 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Templeton Dragon Fund by 0.3% during the first quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock valued at $3,761,000 after acquiring an additional 1,450 shares during the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Templeton Dragon Fund during the second quarter worth approximately $271,000. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Stock Down 0.8 %

TDF stock opened at $7.58 on Monday. The firm’s fifty day moving average is $7.83 and its 200 day moving average is $8.02. Templeton Dragon Fund, Inc. has a 52 week low of $7.15 and a 52 week high of $9.15.

Templeton Dragon Fund Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.1155 per share. The ex-dividend date was Monday, August 19th. This represents a dividend yield of 3%.

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.