Matisse Capital Has $542,000 Position in Templeton Dragon Fund Inc (TDF)

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Matisse Capital lessened its holdings in Templeton Dragon Fund Inc (NYSE:TDF) by 77.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,220 shares of the financial services provider’s stock after selling 92,029 shares during the period. Matisse Capital owned about 0.08% of Templeton Dragon Fund worth $542,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TDF. UBS Group AG increased its stake in Templeton Dragon Fund by 41.5% in the 1st quarter. UBS Group AG now owns 69,439 shares of the financial services provider’s stock valued at $1,544,000 after buying an additional 20,379 shares during the last quarter. Guggenheim Capital LLC increased its stake in Templeton Dragon Fund by 28.6% in the 1st quarter. Guggenheim Capital LLC now owns 27,470 shares of the financial services provider’s stock valued at $611,000 after buying an additional 6,115 shares during the last quarter. Rothschild Investment Corp IL purchased a new stake in Templeton Dragon Fund in the 2nd quarter valued at about $421,000. Wells Fargo & Company MN increased its stake in Templeton Dragon Fund by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 2,826,409 shares of the financial services provider’s stock valued at $60,230,000 after buying an additional 77,213 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its stake in Templeton Dragon Fund by 4.0% in the 2nd quarter. Uncommon Cents Investing LLC now owns 319,219 shares of the financial services provider’s stock valued at $6,803,000 after buying an additional 12,230 shares during the last quarter. Hedge funds and other institutional investors own 48.46% of the company’s stock.

NYSE:TDF traded up $0.23 on Tuesday, hitting $16.86. The stock had a trading volume of 662 shares, compared to its average volume of 142,369. Templeton Dragon Fund Inc has a 1 year low of $16.45 and a 1 year high of $24.65.

In other Templeton Dragon Fund news, major shareholder City Of London Investment Grou sold 271,088 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $19.29, for a total value of $5,229,287.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.

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Institutional Ownership by Quarter for Templeton Dragon Fund (NYSE:TDF)

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