Stifel Financial Corp Sells 2,603 Shares of Templeton Dragon Fund, Inc. (NYSE:TDF)

Stifel Financial Corp lessened its stake in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,494 shares of the financial services provider’s stock after selling 2,603 shares during the quarter. Stifel Financial Corp owned about 0.09% of Templeton Dragon Fund worth $215,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TDF. City of London Investment Management Co. Ltd. boosted its holdings in Templeton Dragon Fund by 1.6% in the second quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock worth $67,552,000 after acquiring an additional 132,137 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Templeton Dragon Fund by 855.8% in the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 196,913 shares in the last quarter. Wolverine Asset Management LLC grew its position in Templeton Dragon Fund by 116.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after purchasing an additional 76,137 shares during the period. Shaker Financial Services LLC increased its stake in Templeton Dragon Fund by 38.0% during the 2nd quarter. Shaker Financial Services LLC now owns 99,946 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 27,509 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,449 shares during the last quarter. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Down 1.4 %

Templeton Dragon Fund stock opened at $8.65 on Monday. The firm’s fifty day moving average price is $8.72 and its two-hundred day moving average price is $8.36. Templeton Dragon Fund, Inc. has a 1-year low of $7.15 and a 1-year high of $10.41.

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.