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Cambridge Investment Research Advisors Inc. sells shares of Templeton Dragon Fund, Inc. (NYSE:TDF).

Cambridge Investment Research Advisors Inc. sells shares of Templeton Dragon Fund, Inc. (NYSE:TDF).

The most recent disclosure that Cambridge Investment Research Advisors Inc. has made with the Securities and Exchange Commission indicates that during the third quarter, the firm decreased the amount of Templeton Dragon Fund, Inc. (NYSE: TDF) stock that is owned by 45.5%. The company acquired 11,598 shares of the financial services provider’s stock even though it had previously parted with 9,673 of those shares over time. The value of Cambridge Investment Research Advisors Inc. holdings in Templeton Dragon Fund as of the end of the most recent reporting period was $108,000.

Alterations have also been made to how other hedge funds have invested their money in the company. During the first three months of the year, Lazard Asset Management LLC made a 7.1% purchase of additional shares of Templeton Dragon Fund, bringing the total number of shares it owned in that fund to a total of 0.22%. Lazard Asset Management LLC is now the owner of 5,044,972 shares held by the financial services provider. This is the result of the company purchasing an additional 334,629 shares during the most recent quarter. These shares are currently worth a total of $67,552,000 as of right now. During the first quarter, Rivernorth Capital Management LLC spent approximately $1,305,000 to buy additional shares of Templeton Dragon Fund to increase its existing holdings in the investment vehicle. Allspring Global Investments Holdings LLC increased the percentage of Templeton Dragon Fund shares it owned by 1.4% during the second quarter of 2018. Allspring Global Investments Holdings LLC increased its holdings of the financial services provider’s stock by making an additional purchase of 41,446 shares during the most recent reporting period. As a result, the company now possesses a total of 3,090,945 shares of the company’s stock, which has a value of $44,076,000. The first three months of this year were spent by Vista Investment Management, allocating approximately $203,000 toward acquiring a fresh stake in the Templeton Dragon Fund. Last but not least, during the first three months of the year, Beacon Pointe Advisors LLC spent approximately $169,000 purchasing an additional stake in the Templeton Dragon Fund. Hedge funds and other institutional investors currently hold the company’s stock for 44.87%.

TDF stock was listed for trading for the first time on Tuesday for $11.92 per share. Templeton Dragon Fund, Inc.’s price fluctuates throughout the year and can be found anywhere between $7.58 and $17.27 at any given time. The company’s average price over the past 50 days is $10.09, and the average price over the last 200 days is $10.58. The simple moving average is presented.

The company, Franklin Resources, Inc. Templeton Asset Management Ltd, proposed the concept of a closed-ended equity mutual fund known as the Templeton Dragon Fund, Inc. This company oversees the fund’s management. It does so by investing in the Chinese stock markets to participate in those markets. The fund intends to invest in the stock of companies engaged in a diverse range of markets to maximize their potential returns. It puts most of its money into stocks with high market values for its underlying businesses.

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