TEMPLETON DR FD (TDF) is Gramercy Funds Management LLC’s 10th Largest Position
Gramercy Funds Management LLC lifted its position in TEMPLETON DR FD (NYSE:TDF) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,007 shares of the financial services provider’s stock after purchasing an additional 9,000 shares during the quarter. TEMPLETON DR FD comprises about 0.4% of Gramercy Funds Management LLC’s holdings, making the stock its 10th biggest holding. Gramercy Funds Management LLC’s holdings in TEMPLETON DR FD were worth $1,997,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in TDF. Blue Bell Private Wealth Management LLC grew its holdings in shares of TEMPLETON DR FD by 88.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 3,100 shares during the period. Shaker Financial Services LLC purchased a new stake in shares of TEMPLETON DR FD in the second quarter valued at about $257,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of TEMPLETON DR FD by 8.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,176 shares of the financial services provider’s stock valued at $1,073,000 after purchasing an additional 4,283 shares during the period. Advisory Alpha LLC purchased a new stake in shares of TEMPLETON DR FD in the second quarter valued at about $1,346,000. Finally, Wells Fargo & Company MN grew its holdings in shares of TEMPLETON DR FD by 2.3% in the second quarter. Wells Fargo & Company MN now owns 2,484,476 shares of the financial services provider’s stock valued at $50,111,000 after purchasing an additional 55,549 shares during the period. 45.30% of the stock is owned by hedge funds and other institutional investors.
In other TEMPLETON DR FD news, major shareholder City Of London Investment Grou sold 36,208 shares of TEMPLETON DR FD stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $20.76, for a total value of $751,678.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 552,632 shares of company stock valued at $12,009,535 in the last 90 days.
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Shares of TEMPLETON DR FD (NYSE:TDF) traded down 0.57% during midday trading on Friday, hitting $20.74. 97,035 shares of the company were exchanged. TEMPLETON DR FD has a 52-week low of $16.00 and a 52-week high of $22.57. The company has a 50-day moving average price of $21.56 and a 200-day moving average price of $19.82.
The firm also recently declared a semiannual dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be issued a $0.3445 dividend. This represents a yield of 3.09%. The ex-dividend date is Friday, September 8th.
TEMPLETON DR FD Profile
Templeton Dragon Fund, Inc is a closed-end management investment company. The Fund invests in certain China A shares, through its investment in China Opportunities Fund, Ltd. (China Fund). It invests in various sectors, including oil, gas and consumable fuels; aerospace and defense; auto components; automobiles; banks; beverages; capital markets; chemicals; communications equipment; construction and engineering; distributors; diversified telecommunication services; electric utilities; electrical equipment; electronic equipment, instruments and components; food and staples retailing; food products; healthcare equipment and supplies; healthcare providers and services; hotels, restaurants and leisure; household durables; insurance; Internet and direct marketing retail; Internet software and services; information technology (IT) services; machinery; marine; media; paper and forest Products, and Pharmaceuticals.
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