Stolper Co cut its position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF – Get Rating) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,919 shares of the financial services provider's stock after selling 2,268 shares during the quarter. Stolper Co owned about 0.08% of Templeton Dragon Fund worth $275,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in shares of Templeton Dragon Fund by 7.1% in the first quarter. Lazard Asset Management LLC now owns 5,044,972 shares of the financial services provider's stock valued at $67,552,000 after buying an additional 334,629 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Templeton Dragon Fund by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,204,841 shares of the financial services provider's stock valued at $29,837,000 after buying an additional 113,896 shares in the last quarter. Bulldog Investors LLP acquired a new stake in shares of Templeton Dragon Fund in the third quarter valued at about $1,164,000. Boothbay Fund Management LLC acquired a new stake in shares of Templeton Dragon Fund in the third quarter valued at about $1,164,000. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Templeton Dragon Fund in the first quarter valued at about $1,305,000. 44.87% of the stock is currently owned by institutional investors and hedge funds.
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Shares of TDF stock traded down $0.03 during trading hours on Friday, reaching $10.03. The company had a trading volume of 35,970 shares, compared to its average volume of 69,328. Templeton Dragon Fund, Inc. has a twelve month low of $7.58 and a twelve month high of $14.43. The stock's fifty day simple moving average is $11.30 and its 200 day simple moving average is $10.19.
Templeton Dragon Fund Company Profile
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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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