Templeton Dragon Fund, Inc. (NYSE:TDF) Shares Bought by Karpus Management Inc.

Karpus Management Inc. grew its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 64.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 587,135 shares of the financial services provider’s stock after purchasing an additional 229,046 shares during the period. Karpus Management Inc. owned approximately 2.32% of Templeton Dragon Fund worth $4,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Templeton Dragon Fund by 754.3% during the 4th quarter. International Assets Investment Management LLC now owns 187,167 shares of the financial services provider’s stock valued at $1,529,000 after purchasing an additional 165,258 shares during the period. Quarry LP acquired a new position in shares of Templeton Dragon Fund in the 4th quarter worth approximately $309,000. PNC Financial Services Group Inc. lifted its stake in Templeton Dragon Fund by 336.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 9,042 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in Templeton Dragon Fund by 0.3% during the first quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock worth $3,761,000 after buying an additional 1,450 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in Templeton Dragon Fund by 4.5% in the first quarter. City of London Investment Management Co. Ltd. now owns 8,290,745 shares of the financial services provider’s stock worth $65,165,000 after buying an additional 356,761 shares during the last quarter. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Trading Down 1.1 %

TDF traded down $0.09 during trading on Thursday, reaching $7.79. The company had a trading volume of 126,144 shares, compared to its average volume of 55,197. Templeton Dragon Fund, Inc. has a 12-month low of $7.15 and a 12-month high of $10.13. The firm’s 50-day simple moving average is $8.18 and its 200 day simple moving average is $7.97.

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.