Raymond James & Associates grew its stake in shares of Templeton Dragon Fund Inc (NYSE:TDF) by 55.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,238 shares of the financial services provider’s stock after buying an additional 7,970 shares during the period. Raymond James & Associates owned 0.06% of Templeton Dragon Fund worth $378,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Templeton Dragon Fund by 104.3% during the 4th quarter. Parallel Advisors LLC now owns 1,724 shares of the financial services provider’s stock valued at $29,000 after buying an additional 880 shares in the last quarter. Rothschild Investment Corp IL lifted its holdings in Templeton Dragon Fund by 3.4% in the 4th quarter. Rothschild Investment Corp IL now owns 34,850 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 1,150 shares in the last quarter. Stephens Inc. AR lifted its holdings in Templeton Dragon Fund by 8.1% in the 4th quarter. Stephens Inc. AR now owns 23,509 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 1,771 shares in the last quarter. Loeb Partners Corp purchased a new position in Templeton Dragon Fund in the 4th quarter worth approximately $33,000. Finally, Uncommon Cents Investing LLC lifted its holdings in Templeton Dragon Fund by 1.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 326,879 shares of the financial services provider’s stock worth $5,557,000 after purchasing an additional 5,285 shares in the last quarter. 45.79% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TDF traded up $0.26 during trading hours on Friday, reaching $20.78. The company’s stock had a trading volume of 27,445 shares, compared to its average volume of 73,146. Templeton Dragon Fund Inc has a 1 year low of $16.10 and a 1 year high of $23.17.
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.
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