Allspring Global Investments Holdings LLC Sells 69,884 Shares of Templeton Dragon Fund, Inc. $TDF

Allspring Global Investments Holdings LLC cut its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,742,506 shares of the financial services provider’s stock after selling 69,884 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of Templeton Dragon Fund worth $20,300,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. 180 Wealth Advisors LLC lifted its stake in Templeton Dragon Fund by 5.7% in the third quarter. 180 Wealth Advisors LLC now owns 260,132 shares of the financial services provider’s stock valued at $3,031,000 after buying an additional 14,040 shares in the last quarter. Uncommon Cents Investing LLC lifted its position in Templeton Dragon Fund by 0.3% in the 3rd quarter. Uncommon Cents Investing LLC now owns 529,910 shares of the financial services provider’s stock valued at $6,173,000 after acquiring an additional 1,670 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Templeton Dragon Fund in the 2nd quarter worth $576,000. 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. Finally, Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of Templeton Dragon Fund in the 2nd quarter valued at about $228,000. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Up 3.8%

TDF stock opened at $11.69 on Monday. The business has a 50-day moving average of $11.33 and a 200-day moving average of $11.01. Templeton Dragon Fund, Inc. has a fifty-two week low of $8.07 and a fifty-two week high of $12.04.

Templeton Dragon Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th.

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.