Public Employees Retirement System of Ohio Takes $6.57 Million Position in Templeton Dragon Fund, Inc. $TDF

Public Employees Retirement System of Ohio acquired a new stake in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 603,658 shares of the financial services provider’s stock, valued at approximately $6,574,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in Templeton Dragon Fund in the second quarter worth $3,107,000. 180 Wealth Advisors LLC lifted its position in shares of Templeton Dragon Fund by 5.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider’s stock worth $3,586,000 after purchasing an additional 16,590 shares during the period. Royal Bank of Canada lifted its holdings in Templeton Dragon Fund by 29.0% during the first quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,000 shares during the period. Compound Planning Inc. boosted its position in Templeton Dragon Fund by 11.9% during the first quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 7,198 shares in the last quarter. Finally, Quantedge Capital Pte Ltd boosted its holdings in shares of Templeton Dragon Fund by 10.3% in the 1st quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock valued at $443,000 after buying an additional 3,900 shares in the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

Templeton Dragon Fund Stock Down 1.0%

NYSE TDF opened at $10.72 on Wednesday. Templeton Dragon Fund, Inc. has a 12-month low of $10.26 and a 12-month high of $12.20. The firm’s fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $11.00.

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.