Templeton Dragon Fund, Inc. (NYSE:TDF) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Templeton Dragon Fund, Inc. (NYSE:TDF) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,063 shares of the financial services provider’s stock after selling 5,566 shares during the period. HighTower Advisors LLC owned about 0.06% of Templeton Dragon Fund worth $136,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wolverine Asset Management LLC raised its holdings in Templeton Dragon Fund by 71.4% in the 4th quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider’s stock worth $2,055,000 after purchasing an additional 100,819 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Templeton Dragon Fund in the fourth quarter valued at approximately $139,000. Matisse Capital acquired a new position in shares of Templeton Dragon Fund during the 4th quarter worth approximately $2,793,000. 180 Wealth Advisors LLC lifted its position in shares of Templeton Dragon Fund by 68.6% during the 4th quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 71,032 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Templeton Dragon Fund in the third quarter valued at about $10,922,000. 47.20% of the stock is owned by hedge funds and other institutional investors.

Templeton Dragon Fund Trading Down 6.4 %

NYSE:TDF opened at $8.93 on Friday. Templeton Dragon Fund, Inc. has a 12 month low of $7.49 and a 12 month high of $10.41. The stock has a 50 day moving average of $9.46 and a two-hundred day moving average of $8.96.

Templeton Dragon Fund Cuts Dividend

The firm also recently announced a — dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 2.2%.

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.