Lazard Asset Management LLC Has $66.81 Million Stake in TEMPLETON DR FD (TDF)
Lazard Asset Management LLC trimmed its position in TEMPLETON DR FD (NYSE:TDF) by 20.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,312,399 shares of the financial services provider’s stock after selling 854,060 shares during the quarter. Lazard Asset Management LLC’s holdings in TEMPLETON DR FD were worth $66,811,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its holdings in shares of TEMPLETON DR FD by 88.6% in the 2nd 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 in the last quarter. Advisory Alpha LLC acquired a new stake in shares of TEMPLETON DR FD in the 2nd quarter valued at $1,346,000. Gramercy Funds Management LLC raised its holdings in shares of TEMPLETON DR FD by 10.0% in the 2nd quarter. Gramercy Funds Management LLC now owns 99,007 shares of the financial services provider’s stock valued at $1,997,000 after purchasing an additional 9,000 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in shares of TEMPLETON DR FD in the 2nd quarter valued at $257,000. Finally, Wells Fargo & Company MN raised its holdings in shares of TEMPLETON DR FD by 2.3% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 45.30% of the company’s stock.
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Shares of TEMPLETON DR FD (TDF) traded down 0.0287% during midday trading on Tuesday, hitting $21.2339. 18,511 shares of the stock were exchanged. The firm has a 50 day moving average of $21.50 and a 200 day moving average of $19.96. TEMPLETON DR FD has a 12-month low of $16.00 and a 12-month high of $22.57.
The firm also recently disclosed a semiannual dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.3445 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a yield of 3.09%.
In other news, major shareholder City Of London Investment Grou sold 204,275 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $22.24, for a total value of $4,543,076.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 722,632 shares of company stock valued at $15,839,635.
TEMPLETON DR FD Company 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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