Templeton Dragon Fund (NYSE:TDF) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Templeton Dragon Fund, Inc. (NYSE:TDF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.38 and traded as high as $11.73. Templeton Dragon Fund shares last traded at $11.65, with a volume of 95,488 shares.

Templeton Dragon Fund Price Performance

The company has a 50-day moving average of $11.60 and a 200-day moving average of $11.38.

Templeton Dragon Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TDF. Uncommon Cents Investing LLC increased its holdings in shares of Templeton Dragon Fund by 0.3% in the 3rd quarter. Uncommon Cents Investing LLC now owns 529,910 shares of the financial services provider’s stock valued at $6,173,000 after purchasing an additional 1,670 shares in the last quarter. Compound Planning Inc. grew its position in Templeton Dragon Fund by 3.9% during the fourth quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider’s stock worth $679,000 after buying an additional 2,241 shares during the period. Commonwealth Equity Services LLC grew its position in Templeton Dragon Fund by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 75,865 shares of the financial services provider’s stock worth $854,000 after buying an additional 2,800 shares during the period. Bank of America Corp DE increased its holdings in Templeton Dragon Fund by 1.2% in the third quarter. Bank of America Corp DE now owns 251,503 shares of the financial services provider’s stock valued at $2,930,000 after buying an additional 3,083 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Templeton Dragon Fund during the 4th quarter valued at approximately $51,000. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

About Templeton Dragon Fund

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.