Templeton Emerging Markets Fund (NYSE:EMF) Stock Price Passes Below 200 Day Moving Average – Here’s Why
by Teresa Graham · The Cerbat GemTempleton Emerging Markets Fund (NYSE:EMF – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.89 and traded as low as $17.32. Templeton Emerging Markets Fund shares last traded at $17.75, with a volume of 46,187 shares traded.
Templeton Emerging Markets Fund Stock Up 0.1%
The stock’s fifty day simple moving average is $19.18 and its 200 day simple moving average is $17.89.
Templeton Emerging Markets Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.22 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.0%.
Hedge Funds Weigh In On Templeton Emerging Markets Fund
A number of institutional investors have recently added to or reduced their stakes in EMF. Beacon Pointe Advisors LLC purchased a new stake in Templeton Emerging Markets Fund in the 4th quarter valued at $3,463,000. Cetera Investment Advisers raised its holdings in shares of Templeton Emerging Markets Fund by 5.1% during the 4th quarter. Cetera Investment Advisers now owns 21,342 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 1,027 shares during the period. Royal Bank of Canada raised its holdings in shares of Templeton Emerging Markets Fund by 8.3% during the 4th quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 1,178 shares during the period. First Trust Advisors LP acquired a new position in shares of Templeton Emerging Markets Fund during the 4th quarter valued at about $310,000. Finally, Wells Fargo & Company MN boosted its position in shares of Templeton Emerging Markets Fund by 11.5% during the 4th quarter. Wells Fargo & Company MN now owns 20,341 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 2,096 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.
About Templeton Emerging Markets Fund
Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.
The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.