Allspring Global Investments Holdings LLC Increases Stake in Templeton Dragon Fund, Inc. (NYSE:TDF)

Allspring Global Investments Holdings LLC boosted its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF) by 6.2% during the second quarter, Holdings Channel.com reports. The fund owned 2,185,826 shares of the financial services provider’s stock after acquiring an additional 127,682 shares during the period. Allspring Global Investments Holdings LLC owned 0.09% of Templeton Dragon Fund worth $17,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TDF. PNC Financial Services Group Inc. boosted its stake in shares of Templeton Dragon Fund by 336.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 9,042 shares during the last quarter. 180 Wealth Advisors LLC purchased a new position in Templeton Dragon Fund in the second quarter valued at approximately $271,000. Quarry LP purchased a new position in Templeton Dragon Fund in the fourth quarter valued at approximately $309,000. Karpus Management Inc. raised its holdings in Templeton Dragon Fund by 61.6% in the fourth quarter. Karpus Management Inc. now owns 358,089 shares of the financial services provider’s stock valued at $2,926,000 after buying an additional 136,499 shares during the period. Finally, Uncommon Cents Investing LLC raised its stake in shares of Templeton Dragon Fund by 0.3% during the first quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock valued at $3,761,000 after purchasing an additional 1,450 shares during the period. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Trading Down 0.9 %

TDF opened at $7.71 on Thursday. The firm’s 50 day moving average is $7.92 and its 200-day moving average is $8.02. Templeton Dragon Fund, Inc. has a 52-week low of $7.15 and a 52-week high of $9.31.

Templeton Dragon Fund Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be paid a dividend of $0.1155 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a dividend yield of 3%.

Templeton Dragon Fund Company Profile

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.