Templeton Emerging Markets Fund (NYSE:EMF) Shares Break Above 200-Day Moving Average - Should You Sell?

Key Points

• Templeton Emerging Markets Fund shares rose 1.7%, trading at about $21.33 and moving above the 200-day average of $21.11, though they remained below the 50-day average of $22.15.
• The fund paid a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a 4.5% yield.
• Institutional ownership stands at 49.86%, with several investment firms—including Bank of America and Beacon Pointe Advisors—recently establishing new positions.

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) shares 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 trading hands.

Templeton Emerging Markets Fund Stock Up 1.7%

The stock has a 50 day moving average of $22.15 and a 200 day moving average of $21.11.

Templeton Emerging Markets Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, September 23rd.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in Templeton Emerging Markets Fund in the second quarter worth about $1,458,000. Beacon Pointe Advisors LLC acquired a new stake in Templeton Emerging Markets Fund in the 2nd quarter valued at about $2,634,000. Public Employees Retirement System of Ohio acquired a new stake in Templeton Emerging Markets Fund in the 2nd quarter valued at about $1,462,000. Visionary Wealth Advisors acquired a new stake in Templeton Emerging Markets Fund in the 2nd quarter valued at about $1,128,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Templeton Emerging Markets Fund during the 2nd quarter valued at about $258,000. 49.86% of the stock is owned by institutional investors and hedge funds.

About Templeton Emerging Markets Fund

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.

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