IHT Wealth Management LLC purchased a new stake in Templeton Dr Fd (NYSE:TDF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 570 shares of the financial services provider’s stock, valued at approximately $202,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Sii Investments Inc. WI lifted its stake in Templeton Dr Fd by 34.8% in the second quarter. Sii Investments Inc. WI now owns 315,784 shares of the financial services provider’s stock valued at $6,336,000 after buying an additional 81,510 shares during the period. Royal Bank of Canada lifted its stake in Templeton Dr Fd by 6.8% in the second quarter. Royal Bank of Canada now owns 34,818 shares of the financial services provider’s stock valued at $701,000 after buying an additional 2,210 shares during the period. Stifel Financial Corp lifted its stake in Templeton Dr Fd by 4.9% in the second quarter. Stifel Financial Corp now owns 49,030 shares of the financial services provider’s stock valued at $988,000 after buying an additional 2,305 shares during the period. Gramercy Funds Management LLC lifted its stake in Templeton Dr Fd by 10.0% in the second quarter. Gramercy Funds Management LLC now owns 99,007 shares of the financial services provider’s stock valued at $1,997,000 after buying an additional 9,000 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Templeton Dr Fd by 2.3% in the second quarter. Wells Fargo & Company MN now owns 2,484,476 shares of the financial services provider’s stock valued at $50,111,000 after buying an additional 55,549 shares during the period. 45.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Templeton Dr Fd (NYSE TDF) traded up 1.1349% during trading on Wednesday, hitting $21.5848. The stock had a trading volume of 20,163 shares. The firm has a 50 day moving average price of $21.48 and a 200-day moving average price of $20.31. The stock’s market capitalization is $739.32 million. Templeton Dr Fd has a 52 week low of $16.00 and a 52 week high of $22.57.
The firm also recently disclosed a semiannual dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were given a $0.3445 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a dividend yield of 3.09%.
In other news, major shareholder City Of London Investment Grou sold 5,500 shares of Templeton Dr Fd stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $21.69, for a total value of $119,295.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 1,016,352 shares of company stock worth $22,100,777.
Templeton Dr Fd Profile
Templeton Dragon Fund, Inc is a closed-end management investment company. The Fund invests in certain China A shares, through its investment in China Opportunities Fund, Ltd. (China Fund). It invests in various sectors, including oil, gas and consumable fuels; aerospace and defense; auto components; automobiles; banks; beverages; capital markets; chemicals; communications equipment; construction and engineering; distributors; diversified telecommunication services; electric utilities; electrical equipment; electronic equipment, instruments and components; food and staples retailing; food products; healthcare equipment and supplies; healthcare providers and services; hotels, restaurants and leisure; household durables; insurance; Internet and direct marketing retail; Internet software and services; information technology (IT) services; machinery; marine; media; paper and forest Products, and Pharmaceuticals.
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