Cohen & Steers Inc. Makes New $255,000 Investment in Templeton Dragon Fund, Inc. (NYSE:TDF)

Cohen & Steers Inc. bought a new position in Templeton Dragon Fund, Inc. (NYSE:TDF) in the 4th quarter, Holdings Channel.com reports. The fund bought 30,000 shares of the financial services provider’s stock, valued at approximately $255,000.

Other institutional investors have also modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in Templeton Dragon Fund in the fourth quarter worth about $92,000. Calamos Advisors LLC acquired a new position in shares of Templeton Dragon Fund in the 4th quarter worth approximately $139,000. Wells Fargo & Company MN increased its holdings in shares of Templeton Dragon Fund by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 1,107 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Templeton Dragon Fund by 7.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,449 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of 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 acquiring 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 Stock Down 0.2 %

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

Templeton Dragon Fund Cuts Dividend

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

Templeton Dragon Fund 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.