Templeton Dragon Fund, Inc. (NYSE:TDF) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its stake in Templeton Dragon Fund, Inc. (NYSE:TDFGet Rating) by 45.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,598 shares of the financial services provider’s stock after selling 9,673 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Templeton Dragon Fund were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Lazard Asset Management LLC grew its holdings in Templeton Dragon Fund by 7.1% in the first quarter. Lazard Asset Management LLC now owns 5,044,972 shares of the financial services provider’s stock valued at $67,552,000 after purchasing an additional 334,629 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of Templeton Dragon Fund in the first quarter valued at approximately $1,305,000. Allspring Global Investments Holdings LLC grew its holdings in Templeton Dragon Fund by 1.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,090,945 shares of the financial services provider’s stock valued at $44,076,000 after purchasing an additional 41,446 shares during the period. Vista Investment Management purchased a new stake in Templeton Dragon Fund in the first quarter valued at approximately $203,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Templeton Dragon Fund in the first quarter valued at approximately $169,000. 44.87% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Performance

Shares of TDF stock opened at $11.92 on Tuesday. Templeton Dragon Fund, Inc. has a twelve month low of $7.58 and a twelve month high of $17.27. The firm has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $10.58.

About Templeton Dragon Fund

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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.

See Also

Institutional Ownership by Quarter for Templeton Dragon Fund (NYSE:TDF)

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