Templeton Emerging Markets Fund (NYSE:EMF) Stock Falls 0.8% – Time to Sell?

Templeton Emerging Markets Fund (NYSE:EMF)’s share price was down 0.8% during mid-day trading on Monday. The company traded as low as $22.12 and last traded at $22.18. 16,725 shares traded hands during trading, a decline of 40% from the average session volume of 27,901 shares. The stock had previously closed at $22.35.

Templeton Emerging Markets Fund Stock Performance

The business has a 50-day simple moving average of $22.36 and a 200-day simple moving average of $21.76.

Templeton Emerging Markets Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, September 23rd.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several institutional investors have recently made changes to their positions in EMF. Bank of America Corp DE purchased a new position in shares of Templeton Emerging Markets Fund during the 2nd quarter valued at about $1,458,000. Beacon Pointe Advisors LLC purchased a new position in Templeton Emerging Markets Fund during the second quarter valued at $2,634,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter valued at about $1,462,000. Visionary Wealth Advisors acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter valued at about $1,128,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the second quarter worth about $258,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE: EMF) is a closed-end investment fund that seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries. Its portfolio may include common stocks and other equity-related investments across a range of industries and regions.

The fund provides investors with diversified exposure to developing economies, which may include markets in Asia, Latin America, Eastern Europe, Africa and the Middle East.