Templeton Emerging Markets Fund (NYSE:EMF) Stock Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• EMF shares moved above their 50-day moving average of $22.30, reaching an intraday high of $22.51 before trading at $22.2180 on volume of 24,614 shares. The 200-day moving average stood at $20.89.
• Templeton Emerging Markets Fund raised its quarterly dividend to $0.24 per share from $0.22, representing a $0.96 annualized payout and a 4.3% yield.
• Institutional investors and hedge funds own approximately 49.86% of EMF, with several firms—including Lazard Asset Management and Calamos Advisors—recently increasing their holdings.

Shares of Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.30 and traded as high as $22.51. Templeton Emerging Markets Fund shares last traded at $22.2180, with a volume of 24,614 shares changing hands.

Templeton Emerging Markets Fund Stock Up 0.2%

The business's fifty day simple moving average is $22.30 and its 200 day simple moving average is $20.89.

Templeton Emerging Markets Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.24 dividend. This is a boost from Templeton Emerging Markets Fund's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.96 annualized dividend and a dividend yield of 4.3%.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in Templeton Emerging Markets Fund in the first quarter valued at approximately $140,000. Bank of America Corp DE raised its position in shares of Templeton Emerging Markets Fund by 12.2% during the 2nd quarter. Bank of America Corp DE now owns 372,093 shares of the financial services provider's stock worth $5,429,000 after purchasing an additional 40,577 shares during the period. Lazard Asset Management LLC raised its position in shares of Templeton Emerging Markets Fund by 142.5% during the 3rd quarter. Lazard Asset Management LLC now owns 276,278 shares of the financial services provider's stock worth $4,625,000 after purchasing an additional 162,366 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Templeton Emerging Markets Fund in the 3rd quarter worth approximately $1,054,000. Finally, Calamos Advisors LLC lifted its holdings in shares of Templeton Emerging Markets Fund by 65.5% in the 4th quarter. Calamos Advisors LLC now owns 39,811 shares of the financial services provider's stock worth $678,000 after purchasing an additional 15,750 shares during the last quarter. Institutional investors and hedge funds 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.

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