Templeton Dragon Fund (NYSE:TDF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Templeton Dragon Fund, Inc. (NYSE:TDF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.38 and traded as high as $11.73. Templeton Dragon Fund shares last traded at $11.65, with a volume of 95,488 shares changing hands.

Templeton Dragon Fund Stock Performance

The stock’s 50 day moving average price is $11.60 and its two-hundred day moving average price is $11.38.

Templeton Dragon Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Trading of Templeton Dragon Fund

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Templeton Dragon Fund by 4.9% during the 4th 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. Wolverine Asset Management LLC acquired a new position in Templeton Dragon Fund in the fourth quarter valued at $694,000. Shaker Financial Services LLC lifted its position in Templeton Dragon Fund by 61.9% during the third quarter. Shaker Financial Services LLC now owns 157,589 shares of the financial services provider’s stock worth $1,836,000 after buying an additional 60,241 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Templeton Dragon Fund during the second quarter worth about $576,000. Finally, 1607 Capital Partners LLC boosted its stake in Templeton Dragon Fund by 111.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 108,318 shares of the financial services provider’s stock worth $1,262,000 after buying an additional 57,033 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

About Templeton Dragon Fund

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.