Templeton Dragon Fund, Inc. $TDF Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Templeton Dragon Fund, Inc. (NYSE:TDF) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,942,433 shares of the financial services provider’s stock after purchasing an additional 238,581 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of Templeton Dragon Fund worth $20,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE lifted its holdings in Templeton Dragon Fund by 14.3% in 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 during the last quarter. Ameriprise Financial Inc. acquired a new stake in Templeton Dragon Fund in the 3rd quarter valued at approximately $144,000. 180 Wealth Advisors LLC grew its holdings in Templeton Dragon Fund by 14.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 297,577 shares of the financial services provider’s stock valued at $3,351,000 after buying an additional 37,445 shares during the last quarter. Uncommon Cents Investing LLC increased its position in Templeton Dragon Fund by 1.0% in the 4th quarter. Uncommon Cents Investing LLC now owns 535,375 shares of the financial services provider’s stock worth $6,028,000 after buying an additional 5,465 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in Templeton Dragon Fund in the 4th quarter worth approximately $51,000. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Trading Up 1.5%

Shares of TDF stock opened at $10.79 on Tuesday. Templeton Dragon Fund, Inc. has a 12 month low of $10.02 and a 12 month high of $12.20. The stock has a 50 day moving average of $10.93 and a 200-day moving average of $11.20.

Templeton Dragon Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.6%. The ex-dividend date was Tuesday, June 23rd. This is an increase from Templeton Dragon Fund’s previous quarterly dividend of $0.10.

Templeton Dragon Fund 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.