Templeton Dragon Fund (NYSE:TDF) Share Price Passes Below 200 Day Moving Average – Here’s Why

Templeton Dragon Fund, Inc. (NYSE:TDF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.41 and traded as low as $10.47. Templeton Dragon Fund shares last traded at $10.6050, with a volume of 25,135 shares trading hands.

Templeton Dragon Fund Stock Performance

The business has a fifty day moving average of $11.32 and a 200-day moving average of $11.41.

Templeton Dragon Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 3.8%.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of large investors have recently modified their holdings of the company. Compound Planning Inc. increased its holdings in Templeton Dragon Fund by 3.9% during the 4th quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 2,241 shares during the period. XTX Topco Ltd bought a new position in Templeton Dragon Fund in the 4th quarter valued at $147,000. 1607 Capital Partners LLC grew its position in shares of Templeton Dragon Fund by 50.9% during the 4th quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock valued at $1,840,000 after purchasing an additional 55,093 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Templeton Dragon Fund by 1.5% during the 4th quarter. Lazard Asset Management LLC now owns 2,835,608 shares of the financial services provider’s stock valued at $31,929,000 after purchasing an additional 41,989 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Templeton Dragon Fund by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,533,862 shares of the financial services provider’s stock worth $17,271,000 after purchasing an additional 72,188 shares during the period. 47.20% of the stock is currently owned by institutional investors.

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.