Shaker Financial Services LLC Lowers Stock Position in Templeton Dragon Fund, Inc. (NYSE:TDF)

Shaker Financial Services LLC lessened its position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 5.5% in the third quarter, Holdings Channel.com reports. The fund owned 94,495 shares of the financial services provider’s stock after selling 5,451 shares during the quarter. Shaker Financial Services LLC’s holdings in Templeton Dragon Fund were worth $866,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. US Bancorp DE purchased a new position in shares of Templeton Dragon Fund in the 3rd quarter valued at $33,000. Dakota Wealth Management acquired a new position in shares of Templeton Dragon Fund during the third quarter worth about $154,000. 180 Wealth Advisors LLC purchased a new stake in shares of Templeton Dragon Fund in the second quarter worth about $271,000. Wolverine Asset Management LLC grew its stake in shares of Templeton Dragon Fund by 1,622.4% in the second quarter. Wolverine Asset Management LLC now owns 65,107 shares of the financial services provider’s stock valued at $522,000 after buying an additional 61,327 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Templeton Dragon Fund by 855.8% during the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock valued at $2,014,000 after buying an additional 196,913 shares during the period. Hedge funds and other institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Price Performance

Templeton Dragon Fund stock opened at $8.94 on Thursday. Templeton Dragon Fund, Inc. has a one year low of $7.15 and a one year high of $10.41. The stock’s 50 day moving average price is $8.62 and its 200 day moving average price is $8.29.

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.