Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report)'s share price rose 0.6% during trading on Thursday . The company traded as high as $13.01 and last traded at $12.98. Approximately 10,726 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 33,819 shares. The stock had previously closed at $12.90.
Templeton Emerging Markets Fund Stock Performance
The business's 50-day simple moving average is $12.66 and its 200 day simple moving average is $12.58.
Templeton Emerging Markets Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 6.74%. The ex-dividend date was Monday, March 17th.
Hedge Funds Weigh In On Templeton Emerging Markets Fund
Hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC increased its position in shares of Templeton Emerging Markets Fund by 968.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 207,769 shares of the financial services provider's stock worth $2,483,000 after buying an additional 188,322 shares during the period. Bank of America Corp DE grew its holdings in 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. bought a new position in shares of Templeton Emerging Markets Fund in the 4th quarter worth about $765,000. Wolverine Asset Management LLC increased its holdings in Templeton Emerging Markets Fund by 56.6% in the fourth quarter. Wolverine Asset Management LLC now owns 112,049 shares of the financial services provider's stock worth $1,339,000 after purchasing an additional 40,497 shares in the last quarter. Finally, Almitas Capital LLC acquired a new position in Templeton Emerging Markets Fund in the fourth quarter valued at approximately $454,000. Institutional investors own 49.86% of the company's stock.
Templeton Emerging Markets Fund Company Profile
(
Get Free Report)
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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