Shaker Financial Services LLC Acquires 60,241 Shares of Templeton Dragon Fund, Inc. $TDF

Shaker Financial Services LLC increased its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 61.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 157,589 shares of the financial services provider’s stock after purchasing an additional 60,241 shares during the period. Shaker Financial Services LLC’s holdings in Templeton Dragon Fund were worth $1,836,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Diversified Enterprises LLC acquired a new position in shares of Templeton Dragon Fund in the 2nd quarter valued at approximately $113,000. Baltimore Washington Financial Advisors Inc. bought a new position in Templeton Dragon Fund in the second quarter valued at approximately $228,000. Newbridge Financial Services Group Inc. bought a new position in Templeton Dragon Fund in the second quarter valued at approximately $576,000. 180 Wealth Advisors LLC increased its position in shares of Templeton Dragon Fund by 11.3% during the second quarter. 180 Wealth Advisors LLC now owns 246,092 shares of the financial services provider’s stock worth $2,458,000 after acquiring an additional 25,059 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Templeton Dragon Fund by 14.3% during the 2nd quarter. Bank of America Corp DE now owns 248,420 shares of the financial services provider’s stock worth $2,482,000 after purchasing an additional 31,170 shares in the last quarter. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Price Performance

TDF opened at $11.67 on Wednesday. The business’s 50-day moving average price is $11.34 and its two-hundred day moving average price is $11.03. Templeton Dragon Fund, Inc. has a 1 year low of $8.07 and a 1 year high of $12.04.

Templeton Dragon Fund Dividend Announcement

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

Templeton Dragon Fund Company Profile

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.