Wolverine Asset Management LLC Acquires 76,137 Shares of Templeton Dragon Fund, Inc. (NYSE:TDF)

Wolverine Asset Management LLC grew its holdings in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 116.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,244 shares of the financial services provider’s stock after buying an additional 76,137 shares during the quarter. Wolverine Asset Management LLC owned 0.56% of Templeton Dragon Fund worth $1,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. City of London Investment Management Co. Ltd. grew its stake in Templeton Dragon Fund by 1.6% in the second quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock worth $67,552,000 after purchasing an additional 132,137 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Templeton Dragon Fund by 6.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,185,826 shares of the financial services provider’s stock valued at $17,530,000 after acquiring an additional 127,682 shares in the last quarter. Karpus Management Inc. boosted its position in 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 valued at $4,615,000 after acquiring an additional 229,046 shares in the last quarter. International Assets Investment Management LLC boosted its position in Templeton Dragon Fund by 855.8% during the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock valued at $2,014,000 after acquiring an additional 196,913 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its position in Templeton Dragon Fund by 38.0% during the 2nd quarter. Shaker Financial Services LLC now owns 99,946 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 27,509 shares in the last quarter. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Down 3.1 %

Shares of NYSE TDF opened at $8.69 on Wednesday. The stock’s fifty day simple moving average is $8.71 and its two-hundred day simple moving average is $8.32. Templeton Dragon Fund, Inc. has a 12-month low of $7.15 and a 12-month high of $10.41.

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.