Cohen & Steers Inc. Acquires Shares of 30,000 Templeton Dragon Fund, Inc. (NYSE:TDF)

Cohen & Steers Inc. bought a new position in Templeton Dragon Fund, Inc. (NYSE:TDF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,000 shares of the financial services provider’s stock, valued at approximately $255,000. Cohen & Steers Inc. owned 0.12% of Templeton Dragon Fund at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TDF. Landscape Capital Management L.L.C. purchased a new position in Templeton Dragon Fund in the 4th quarter worth approximately $92,000. Calamos Advisors LLC acquired a new position in shares of Templeton Dragon Fund during the fourth quarter worth $139,000. Wells Fargo & Company MN lifted its position in shares of Templeton Dragon Fund by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,107 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Templeton Dragon Fund by 7.2% in the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,449 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Templeton Dragon Fund by 89.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,915 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 18,815 shares in the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

Templeton Dragon Fund Trading Down 0.2 %

Shares of TDF stock opened at $8.92 on Wednesday. The company’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $8.99. Templeton Dragon Fund, Inc. has a 12 month low of $7.49 and a 12 month high of $10.41.

Templeton Dragon Fund Cuts Dividend

The firm also recently declared a — dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.10 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 17th.

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.