Lazard Asset Management LLC Sells 5,239 Shares of Templeton Dragon Fund, Inc. (NYSE:TDF)

Lazard Asset Management LLC reduced its holdings in Templeton Dragon Fund, Inc. (NYSE:TDF) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,677,690 shares of the financial services provider’s stock after selling 5,239 shares during the period. Lazard Asset Management LLC owned 0.11% of Templeton Dragon Fund worth $21,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TDF. City of London Investment Management Co. Ltd. raised its stake in Templeton Dragon Fund by 4.5% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 8,290,745 shares of the financial services provider’s stock valued at $65,165,000 after purchasing an additional 356,761 shares during the last quarter. Karpus Management Inc. increased its holdings in shares of Templeton Dragon Fund by 64.0% during the 1st quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider’s stock worth $4,615,000 after purchasing an additional 229,046 shares during the period. Uncommon Cents Investing LLC raised its position in shares of Templeton Dragon Fund by 0.3% during the first quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock valued at $3,761,000 after buying an additional 1,450 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Templeton Dragon Fund by 754.3% during the fourth quarter. International Assets Investment Management LLC now owns 187,167 shares of the financial services provider’s stock worth $1,529,000 after buying an additional 165,258 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Templeton Dragon Fund in the 4th quarter valued at $309,000. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Performance

Shares of Templeton Dragon Fund stock opened at $7.79 on Monday. The firm’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.98. Templeton Dragon Fund, Inc. has a twelve month low of $7.15 and a twelve month high of $10.13.

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.