Allspring Global Investments Holdings LLC Trims Holdings in Templeton Dragon Fund, Inc. (NYSE:TDF)

Allspring Global Investments Holdings LLC cut its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,097,004 shares of the financial services provider’s stock after selling 88,822 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 8.27% of Templeton Dragon Fund worth $19,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Uncommon Cents Investing LLC grew its position in shares of Templeton Dragon Fund by 0.3% in the 1st quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock worth $3,761,000 after buying an additional 1,450 shares during the period. PNC Financial Services Group Inc. boosted its stake in Templeton Dragon Fund by 336.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 9,042 shares in the last quarter. Shaker Financial Services LLC boosted its stake in Templeton Dragon Fund by 38.0% in the 2nd quarter. Shaker Financial Services LLC now owns 99,946 shares of the financial services provider’s stock worth $802,000 after purchasing an additional 27,509 shares in the last quarter. 180 Wealth Advisors LLC bought a new position in Templeton Dragon Fund in the 2nd quarter worth about $271,000. Finally, Wolverine Asset Management LLC boosted its stake in Templeton Dragon Fund by 1,622.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 65,107 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 61,327 shares in the last quarter. 47.20% of the stock is owned by hedge funds and other institutional investors.

Templeton Dragon Fund Trading Down 0.9 %

Shares of Templeton Dragon Fund stock opened at $8.91 on Friday. The firm’s 50-day moving average is $8.41 and its 200 day moving average is $8.22. Templeton Dragon Fund, Inc. has a 1 year low of $7.15 and a 1 year high of $10.41.

Templeton Dragon Fund Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.1155 dividend. This represents a yield of 3%. The ex-dividend date of this dividend was Monday, August 19th.

About Templeton Dragon Fund

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.