Templeton Emerging Markets Fund (NYSE:EMF) Shares Down 0.1% - Time to Sell?

Key Points

• The Templeton Emerging Markets Fund (NYSE:EMF) experienced a minor decline of 0.1% in share price, trading at $15.03.
• The fund recently declared a quarterly dividend of $0.22 per share, translating to an annualized yield of 5.86%.
• Institutional investors now own 49.86% of the fund's stock, with significant increases in holdings from various hedge funds like Bank of America Corp DE.

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report)'s share price was down 0.1% during trading on Wednesday . The stock traded as low as $14.97 and last traded at $15.03. Approximately 6,417 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 28,328 shares. The stock had previously closed at $15.04.

Templeton Emerging Markets Fund Stock Down 0.1%

The company's 50 day moving average price is $14.40 and its 200-day moving average price is $13.30.

Templeton Emerging Markets Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, June 16th.

Institutional Trading of Templeton Emerging Markets Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Templeton Emerging Markets Fund by 1.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 943,805 shares of the financial services provider's stock worth $12,128,000 after buying an additional 13,298 shares in the last quarter. Matisse Capital increased its stake in Templeton Emerging Markets Fund by 59.8% in the first quarter. Matisse Capital now owns 44,430 shares of the financial services provider's stock valued at $571,000 after acquiring an additional 16,630 shares during the period. Uncommon Cents Investing LLC raised its position in Templeton Emerging Markets Fund by 37.7% in the first quarter. Uncommon Cents Investing LLC now owns 125,703 shares of the financial services provider's stock worth $1,615,000 after purchasing an additional 34,400 shares in the last quarter. Bank of America Corp DE lifted its stake in Templeton Emerging Markets Fund by 33.9% during the fourth quarter. Bank of America Corp DE now owns 296,864 shares of the financial services provider's stock worth $3,548,000 after purchasing an additional 75,240 shares during the period. Finally, CSS LLC IL acquired a new stake in Templeton Emerging Markets Fund during the fourth quarter valued at approximately $299,000. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

About Templeton Emerging Markets Fund

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.