Templeton Dragon Fund, Inc. (NYSE:TDF) is City of London Investment Management Co. Ltd.’s 4th Largest Position

City of London Investment Management Co. Ltd. increased its stake in Templeton Dragon Fund, Inc. (NYSE:TDF) by 1.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 8,422,882 shares of the financial services provider’s stock after buying an additional 132,137 shares during the quarter. Templeton Dragon Fund accounts for approximately 5.8% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 4th largest holding. City of London Investment Management Co. Ltd. owned 33.23% of Templeton Dragon Fund worth $67,552,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. 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 valued at $96,000 after acquiring an additional 9,042 shares during the last quarter. 180 Wealth Advisors LLC purchased a new position in Templeton Dragon Fund in the second quarter valued at approximately $271,000. Quarry LP bought a new position in Templeton Dragon Fund during the fourth quarter valued at $309,000. Wolverine Asset Management LLC increased its position in Templeton Dragon Fund by 1,622.4% in the second quarter. Wolverine Asset Management LLC now owns 65,107 shares of the financial services provider’s stock worth $522,000 after buying an additional 61,327 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of Templeton Dragon Fund by 38.0% in the second quarter. Shaker Financial Services LLC now owns 99,946 shares of the financial services provider’s stock valued at $802,000 after buying an additional 27,509 shares during the period. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Down 0.8 %

NYSE TDF opened at $7.58 on Monday. The firm’s 50-day simple moving average is $7.83 and its two-hundred day simple 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 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. This represents a yield of 3%. The ex-dividend date was Monday, August 19th.

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.