1607 Capital Partners LLC Acquires 55,093 Shares of Templeton Dragon Fund, Inc. $TDF

1607 Capital Partners LLC boosted its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF) by 50.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 163,411 shares of the financial services provider’s stock after buying an additional 55,093 shares during the quarter. 1607 Capital Partners LLC’s holdings in Templeton Dragon Fund were worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC increased its stake in Templeton Dragon Fund by 1.5% in the 4th quarter. Lazard Asset Management LLC now owns 2,835,608 shares of the financial services provider’s stock worth $31,929,000 after acquiring an additional 41,989 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Templeton Dragon Fund by 4.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,533,862 shares of the financial services provider’s stock valued at $17,271,000 after purchasing an additional 72,188 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of Templeton Dragon Fund by 40.0% during the 4th quarter. Cohen & Steers Inc. now owns 70,000 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 20,000 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Templeton Dragon Fund by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 75,865 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Templeton Dragon Fund during the 4th quarter valued at about $694,000. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Trading Down 0.9%

Shares of Templeton Dragon Fund stock opened at $10.68 on Thursday. The business’s 50-day moving average price is $11.14 and its 200-day moving average price is $11.28. Templeton Dragon Fund, Inc. has a 12 month low of $9.42 and a 12 month high of $12.20.

Templeton Dragon Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.15 per share. This is a boost from Templeton Dragon Fund’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 5.6%.

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.