Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.85 and traded as low as $12.65. Templeton Emerging Markets Fund shares last traded at $12.67, with a volume of 21,959 shares traded.
Templeton Emerging Markets Fund Stock Performance
The business has a 50 day moving average of $12.83 and a two-hundred day moving average of $12.77.
Templeton Emerging Markets Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.60%. The ex-dividend date was Monday, March 17th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. CSS LLC IL purchased a new stake in Templeton Emerging Markets Fund during the fourth quarter valued at approximately $299,000. Logan Stone Capital LLC increased its position in shares of Templeton Emerging Markets Fund by 35.6% during the fourth quarter. Logan Stone Capital LLC now owns 96,616 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 25,379 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Templeton Emerging Markets Fund by 33.9% during the 4th quarter. Bank of America Corp DE now owns 296,864 shares of the financial services provider's stock valued at $3,548,000 after purchasing an additional 75,240 shares during the last quarter. Almitas Capital LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the 4th quarter worth $454,000. Finally, AQR Arbitrage LLC grew its stake in Templeton Emerging Markets Fund by 23.4% during the 4th quarter. AQR Arbitrage LLC now owns 98,579 shares of the financial services provider's stock worth $1,178,000 after buying an additional 18,710 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company's stock.
About Templeton Emerging Markets Fund
(
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Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.
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