Matisse Capital Raises Stake in Templeton Dragon Fund, Inc. (NYSE:TDF)

Matisse Capital boosted its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,000 shares of the financial services provider’s stock after acquiring an additional 13,000 shares during the period. Templeton Dragon Fund comprises about 1.7% of Matisse Capital’s portfolio, making the stock its 7th largest position. Matisse Capital owned approximately 1.35% of Templeton Dragon Fund worth $3,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in Templeton Dragon Fund during the 4th quarter worth about $38,000. Landscape Capital Management L.L.C. purchased a new position in shares of Templeton Dragon Fund in the 4th quarter worth approximately $92,000. Almitas Capital LLC purchased a new position in shares of Templeton Dragon Fund in the 4th quarter worth approximately $101,000. Wells Fargo & Company MN grew its position 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 worth $176,000 after buying an additional 1,107 shares during the last quarter. Finally, Cohen & Steers Inc. purchased a new position in shares of Templeton Dragon Fund in the 4th quarter worth approximately $255,000. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Stock Down 0.7%

Shares of Templeton Dragon Fund stock opened at $9.98 on Friday. The firm’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.23. Templeton Dragon Fund, Inc. has a 52-week low of $7.49 and a 52-week high of $10.41.

Templeton Dragon Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Monday, June 16th.

About Templeton Dragon Fund

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.