329,000 Shares in Templeton Dragon Fund, Inc. (NYSE:TDF) Bought by Matisse Capital

Matisse Capital acquired a new position in Templeton Dragon Fund, Inc. (NYSE:TDF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 329,000 shares of the financial services provider’s stock, valued at approximately $2,793,000. Templeton Dragon Fund makes up about 1.4% of Matisse Capital’s holdings, making the stock its 12th largest holding. Matisse Capital owned about 1.30% of Templeton Dragon Fund as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. US Bancorp DE acquired a new position in Templeton Dragon Fund in the third quarter valued at approximately $33,000. Dakota Wealth Management acquired a new stake in Templeton Dragon Fund in the 3rd quarter valued at about $154,000. HighTower Advisors LLC lifted its position in Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,449 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Templeton Dragon Fund by 116.9% in the third quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after purchasing an additional 76,137 shares during the period. Finally, 180 Wealth Advisors LLC increased its holdings in shares of Templeton Dragon Fund by 68.6% during the 4th quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 71,032 shares during the last quarter. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Down 1.0 %

NYSE TDF opened at $8.67 on Tuesday. Templeton Dragon Fund, Inc. has a 12 month low of $7.26 and a 12 month high of $10.41. The firm’s 50-day moving average is $8.53 and its two-hundred day moving average is $8.43.

Templeton Dragon Fund 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.