61,673 Shares in Templeton Dragon Fund, Inc. $TDF Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in Templeton Dragon Fund, Inc. (NYSE:TDF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,673 shares of the financial services provider’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new stake in Templeton Dragon Fund in the 4th quarter worth $51,000. Uncommon Cents Investing LLC increased its holdings in Templeton Dragon Fund by 1.0% in the 4th quarter. Uncommon Cents Investing LLC now owns 535,375 shares of the financial services provider’s stock worth $6,028,000 after acquiring an additional 5,465 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Templeton Dragon Fund by 14.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 297,577 shares of the financial services provider’s stock worth $3,351,000 after acquiring an additional 37,445 shares in the last quarter. Bank of America Corp DE increased its holdings in Templeton Dragon Fund by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 251,503 shares of the financial services provider’s stock worth $2,930,000 after acquiring an additional 3,083 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its holdings in Templeton Dragon Fund by 111.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 108,318 shares of the financial services provider’s stock worth $1,262,000 after acquiring an additional 57,033 shares in the last quarter. Hedge funds and other institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Price Performance

Shares of NYSE TDF opened at $11.50 on Thursday. The firm has a fifty day moving average of $11.06 and a 200 day moving average of $11.34. Templeton Dragon Fund, Inc. has a one year low of $9.09 and a one year high of $12.20.

Templeton Dragon Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.