Templeton Emerging Markets Fund (NYSE:EMF) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Templeton Emerging Markets Fund (NYSE:EMF) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $21.11 and traded as high as $21.34. Templeton Emerging Markets Fund shares last traded at $21.3320, with a volume of 20,303 shares traded.

Templeton Emerging Markets Fund Trading Down 2.6%

The business’s fifty day moving average price is $22.10 and its 200-day moving average price is $21.13.

Templeton Emerging Markets Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, September 23rd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in Templeton Emerging Markets Fund during the 2nd quarter valued at about $1,458,000. Beacon Pointe Advisors LLC purchased a new stake in Templeton Emerging Markets Fund during the second quarter valued at approximately $2,634,000. Public Employees Retirement System of Ohio bought a new position in Templeton Emerging Markets Fund in the second quarter worth approximately $1,462,000. City of London Investment Management Co. Ltd. raised its position in Templeton Emerging Markets Fund by 1.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 3,682,019 shares of the financial services provider’s stock worth $81,943,000 after acquiring an additional 59,053 shares during the period. Finally, Visionary Wealth Advisors bought a new position in Templeton Emerging Markets Fund in the second quarter worth approximately $1,128,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries. The fund provides investors with diversified exposure to businesses operating in developing economies and is managed as part of Franklin Templeton’s Templeton investment platform.

The fund may invest across a range of industries and geographies, including markets in Asia, Latin America, Eastern Europe, Africa and the Middle East.