Templeton Emerging Markets Fund (NYSE:EMF) Shares Down 0.5% - Time to Sell?

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) fell 0.5% during trading on Friday . The stock traded as low as $13.43 and last traded at $13.49. 10,753 shares traded hands during trading, a decline of 68% from the average session volume of 34,124 shares. The stock had previously closed at $13.55.

Templeton Emerging Markets Fund Stock Performance

The firm has a 50 day moving average of $12.78 and a 200 day moving average of $12.63.

Templeton Emerging Markets Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.48%. The ex-dividend date was Monday, March 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of 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. Raymond James Financial Inc. purchased a new position in Templeton Emerging Markets Fund during the 4th quarter worth $765,000. Wolverine Asset Management LLC grew its stake in shares of Templeton Emerging Markets Fund by 56.6% in the 4th quarter. Wolverine Asset Management LLC now owns 112,049 shares of the financial services provider's stock worth $1,339,000 after acquiring an additional 40,497 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Templeton Emerging Markets Fund in the fourth quarter valued at about $454,000. Finally, Uncommon Cents Investing LLC lifted its position in shares of Templeton Emerging Markets Fund by 37.7% during the first quarter. Uncommon Cents Investing LLC now owns 125,703 shares of the financial services provider's stock valued at $1,615,000 after purchasing an additional 34,400 shares in the last quarter. Institutional investors 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.