Matisse Capital Buys New Position in Templeton Dragon Fund, Inc. (NYSE:TDF)

Matisse Capital bought a new stake in Templeton Dragon Fund, Inc. (NYSE:TDF) during the fourth quarter, Holdings Channel reports. The institutional investor bought 329,000 shares of the financial services provider’s stock, valued at approximately $2,793,000. Templeton Dragon Fund accounts for approximately 1.4% of Matisse Capital’s holdings, making the stock its 12th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 180 Wealth Advisors LLC grew its stake in Templeton Dragon Fund by 68.6% during the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 71,032 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Templeton Dragon Fund during the 3rd quarter worth approximately $10,922,000. HighTower Advisors LLC grew its holdings in shares of Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,449 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Templeton Dragon Fund by 116.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after acquiring an additional 76,137 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in Templeton Dragon Fund in the third quarter valued at $33,000. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Performance

NYSE TDF opened at $8.67 on Tuesday. The firm has a 50-day moving average of $8.53 and a 200-day moving average of $8.43. Templeton Dragon Fund, Inc. has a 52-week low of $7.26 and a 52-week high of $10.41.

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.