Templeton Emerging Markets Fund (NYSE:EMF) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Templeton Emerging Markets Fund (NYSE:EMF) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.85 and traded as high as $19.79. Templeton Emerging Markets Fund shares last traded at $19.6550, with a volume of 70,592 shares changing hands.

Templeton Emerging Markets Fund Stock Up 1.9%

The company’s 50 day simple moving average is $17.96 and its 200 day simple moving average is $16.87.

Templeton Emerging Markets Fund Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.7763 dividend. This represents a yield of 526.0%. The ex-dividend date was Monday, December 15th.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors have recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. grew its stake in shares of Templeton Emerging Markets Fund by 5.4% in the third quarter. City of London Investment Management Co. Ltd. now owns 4,171,496 shares of the financial services provider’s stock valued at $69,831,000 after buying an additional 212,281 shares in the last quarter. Lazard Asset Management LLC boosted its position in Templeton Emerging Markets Fund by 142.5% in the 3rd quarter. Lazard Asset Management LLC now owns 276,278 shares of the financial services provider’s stock valued at $4,625,000 after buying an additional 162,366 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Templeton Emerging Markets Fund by 184.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 131,018 shares of the financial services provider’s stock valued at $1,912,000 after buying an additional 84,976 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Templeton Emerging Markets Fund during the second quarter valued at about $1,151,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Templeton Emerging Markets Fund during the third quarter worth about $1,054,000. 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 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.