Templeton Dragon Fund (NYSE:TDF) Hits New 1-Year Low at $18.34

Templeton Dragon Fund, Inc. (NYSE:TDF)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $18.34 and last traded at $18.36, with a volume of 70780 shares changing hands. The stock had previously closed at $18.64.

The company’s fifty day moving average is $21.11 and its two-hundred day moving average is $22.51.

The business also recently announced a — dividend, which will be paid on Monday, September 20th. Investors of record on Friday, September 3rd will be issued a $0.9258 dividend. The ex-dividend date is Thursday, September 2nd.

A number of institutional investors have recently bought and sold shares of TDF. Cambridge Investment Research Advisors Inc. acquired a new stake in Templeton Dragon Fund in the 1st quarter valued at approximately $313,000. Websterrogers Financial Advisors LLC increased its holdings in Templeton Dragon Fund by 4.2% in the 1st quarter. Websterrogers Financial Advisors LLC now owns 140,000 shares of the financial services provider’s stock valued at $3,297,000 after purchasing an additional 5,700 shares during the last quarter. UBS Group AG increased its holdings in Templeton Dragon Fund by 3.4% in the 1st quarter. UBS Group AG now owns 21,962 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 714 shares during the last quarter. Hudson Portfolio Management LLC purchased a new position in Templeton Dragon Fund in the 1st quarter valued at approximately $213,000. Finally, Stifel Financial Corp boosted its position in Templeton Dragon Fund by 3.1% in the 1st quarter. Stifel Financial Corp now owns 66,394 shares of the financial services provider’s stock valued at $1,563,000 after buying an additional 1,987 shares during the period. Hedge funds and other institutional investors own 44.65% of the company’s stock.

About Templeton Dragon Fund (NYSE:TDF)

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: Strangles

Receive News & Ratings for Templeton Dragon Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Templeton Dragon Fund and related companies with MarketBeat.com's FREE daily email newsletter.