Templeton Emerging Markets Fund (NYSE:EMF) Shares Down 0.1% - Here's What Happened

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.

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

Templeton Emerging Markets Fund Price Performance

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

Templeton Emerging Markets Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised 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 worth $3,548,000 after acquiring an additional 75,240 shares during the period. Raymond James Financial Inc. purchased a new stake in Templeton Emerging Markets Fund in the 4th quarter valued at about $765,000. Almitas Capital LLC acquired a new position in Templeton Emerging Markets Fund in the 4th quarter valued at about $454,000. Uncommon Cents Investing LLC grew its position in Templeton Emerging Markets Fund by 37.7% in the 1st quarter. Uncommon Cents Investing LLC now owns 125,703 shares of the financial services provider's stock valued at $1,615,000 after acquiring an additional 34,400 shares in the last quarter. Finally, Logan Stone Capital LLC grew its position in Templeton Emerging Markets Fund by 35.6% in the 4th quarter. Logan Stone Capital LLC now owns 96,616 shares of the financial services provider's stock valued at $1,155,000 after acquiring an additional 25,379 shares in 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 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.