Wolverine Asset Management LLC Grows Stock Position in Templeton Dragon Fund, Inc. (NYSE:TDF)

Wolverine Asset Management LLC grew its position in shares of Templeton Dragon Fund, Inc. (NYSE:TDF) by 71.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,063 shares of the financial services provider’s stock after purchasing an additional 100,819 shares during the period. Wolverine Asset Management LLC’s holdings in Templeton Dragon Fund were worth $2,055,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TDF. Public Employees Retirement System of Ohio acquired a new stake in Templeton Dragon Fund during the 3rd quarter valued at $10,922,000. Matisse Capital purchased a new stake in shares of Templeton Dragon Fund during the fourth quarter worth about $2,793,000. International Assets Investment Management LLC lifted its stake in shares of Templeton Dragon Fund by 855.8% in the third quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock worth $2,014,000 after acquiring an additional 196,913 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Templeton Dragon Fund by 68.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock valued at $1,482,000 after purchasing an additional 71,032 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Templeton Dragon Fund by 7.2% in the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,449 shares during the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Performance

TDF stock opened at $9.73 on Friday. The stock’s 50 day moving average is $8.69 and its two-hundred day moving average is $8.55. Templeton Dragon Fund, Inc. has a 52-week low of $7.49 and a 52-week high of $10.41.

Templeton Dragon Fund Company Profile

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.