Templeton Dragon Fund, Inc. (NYSE:TDF – Get Free Report)’s stock price was up 1.1% during mid-day trading on Monday . The stock traded as high as $7.32 and last traded at $7.32. Approximately 43,054 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 97,794 shares. The stock had previously closed at $7.24.
Templeton Dragon Fund Stock Performance
The stock has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $8.46.
Institutional Trading of Templeton Dragon Fund
Several hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Templeton Dragon Fund by 115.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,479 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12,049 shares during the period. Cibc World Market Inc. boosted its holdings in Templeton Dragon Fund by 3.0% in the 1st quarter. Cibc World Market Inc. now owns 34,467 shares of the financial services provider’s stock worth $462,000 after buying an additional 994 shares during the period. Lazard Asset Management LLC boosted its holdings in Templeton Dragon Fund by 7.1% in the 1st quarter. Lazard Asset Management LLC now owns 5,044,972 shares of the financial services provider’s stock worth $67,552,000 after buying an additional 334,629 shares during the period. Vista Investment Management bought a new position in Templeton Dragon Fund in the 1st quarter worth $203,000. Finally, Rivernorth Capital Management LLC bought a new position in shares of Templeton Dragon Fund in the first quarter worth about $1,305,000. Institutional investors own 50.15% of the company’s stock.
Templeton Dragon Fund Company Profile
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.
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