Sii Investments Inc. WI Increases Stake in TEMPLETON DR FD (TDF)
Sii Investments Inc. WI lifted its position in TEMPLETON DR FD (NYSE:TDF) by 34.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 315,784 shares of the financial services provider’s stock after purchasing an additional 81,510 shares during the quarter. Sii Investments Inc. WI’s holdings in TEMPLETON DR FD were worth $6,336,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TDF. Wells Fargo & Company MN lifted its holdings in shares of TEMPLETON DR FD by 2.3% during the second quarter. Wells Fargo & Company MN now owns 2,484,476 shares of the financial services provider’s stock worth $50,111,000 after purchasing an additional 55,549 shares during the period. Gramercy Funds Management LLC boosted its position in TEMPLETON DR FD by 10.0% in the second quarter. Gramercy Funds Management LLC now owns 99,007 shares of the financial services provider’s stock valued at $1,997,000 after buying an additional 9,000 shares during the last quarter. Advisory Alpha LLC purchased a new stake in TEMPLETON DR FD in the second quarter valued at approximately $1,346,000. Cambridge Investment Research Advisors Inc. boosted its position in TEMPLETON DR FD by 8.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,176 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 4,283 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in TEMPLETON DR FD by 4.9% in the second quarter. Stifel Financial Corp now owns 49,030 shares of the financial services provider’s stock valued at $988,000 after buying an additional 2,305 shares during the last quarter. Hedge funds and other institutional investors own 45.30% of the company’s stock.
Shares of TEMPLETON DR FD (TDF) traded up 1.10% during midday trading on Tuesday, reaching $21.17. The company had a trading volume of 116,470 shares. TEMPLETON DR FD has a 52-week low of $16.00 and a 52-week high of $22.57. The company’s 50 day moving average price is $21.45 and its 200 day moving average price is $20.18.
The company also recently disclosed a semiannual dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were issued a $0.3445 dividend. This represents a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, September 8th.
In other news, major shareholder City Of London Investment Grou sold 209,970 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $21.08, for a total transaction of $4,426,167.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 1,097,460 shares of company stock valued at $23,771,109 over the last three months.
About TEMPLETON DR FD
Templeton Dragon Fund, Inc is a closed-end management investment company. The Fund invests in certain China A shares, through its investment in China Opportunities Fund, Ltd. (China Fund). It invests in various sectors, including oil, gas and consumable fuels; aerospace and defense; auto components; automobiles; banks; beverages; capital markets; chemicals; communications equipment; construction and engineering; distributors; diversified telecommunication services; electric utilities; electrical equipment; electronic equipment, instruments and components; food and staples retailing; food products; healthcare equipment and supplies; healthcare providers and services; hotels, restaurants and leisure; household durables; insurance; Internet and direct marketing retail; Internet software and services; information technology (IT) services; machinery; marine; media; paper and forest Products, and Pharmaceuticals.
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