1607 Capital Partners LLC Increases Position in Templeton Dragon Fund, Inc. $TDF

1607 Capital Partners LLC boosted its position in Templeton Dragon Fund, Inc. (NYSE:TDF) by 111.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,318 shares of the financial services provider’s stock after acquiring an additional 57,033 shares during the quarter. 1607 Capital Partners LLC owned 0.43% of Templeton Dragon Fund worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. bought a new position in shares of Templeton Dragon Fund during the 3rd quarter valued at about $144,000. Baltimore Washington Financial Advisors Inc. bought a new position in Templeton Dragon Fund during the second quarter valued at approximately $228,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Templeton Dragon Fund during the second quarter worth approximately $576,000. Shaker Financial Services LLC raised its stake in shares of Templeton Dragon Fund by 61.9% during the third quarter. Shaker Financial Services LLC now owns 157,589 shares of the financial services provider’s stock worth $1,836,000 after acquiring an additional 60,241 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of 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 acquiring an additional 31,170 shares during the last quarter. Hedge funds and other institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Down 0.4%

Shares of Templeton Dragon Fund stock opened at $11.11 on Friday. Templeton Dragon Fund, Inc. has a 52-week low of $8.13 and a 52-week high of $12.20. The company has a fifty day moving average of $11.62 and a 200-day moving average of $11.47.

Templeton Dragon Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, March 24th.

About Templeton Dragon Fund

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.