Templeton Emerging Markets Fund (NYSE:EMF) Stock Price Up 0.2% – Time to Buy?

Templeton Emerging Markets Fund (NYSE:EMF) shot up 0.2% on Monday . The stock traded as high as $19.48 and last traded at $19.4440. 105,586 shares were traded during trading, a decline of 7% from the average session volume of 113,331 shares. The stock had previously closed at $19.41.

Templeton Emerging Markets Fund Price Performance

The company has a 50 day moving average price of $17.42 and a 200 day moving average price of $16.57.

Templeton Emerging Markets Fund Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.7763 dividend. This represents a yield of 526.0%. The ex-dividend date of this dividend was Monday, December 15th.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

A number of institutional investors have recently modified their holdings of EMF. AQR Capital Management LLC bought a new stake in Templeton Emerging Markets Fund during the 1st quarter worth approximately $140,000. Uncommon Cents Investing LLC lifted its holdings in shares of Templeton Emerging Markets Fund by 19.8% in the second quarter. Uncommon Cents Investing LLC now owns 150,638 shares of the financial services provider’s stock valued at $2,198,000 after purchasing an additional 24,935 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Templeton Emerging Markets Fund during the second quarter valued at approximately $38,000. Flagship Harbor Advisors LLC grew its holdings in Templeton Emerging Markets Fund by 10.5% during the second quarter. Flagship Harbor Advisors LLC now owns 128,245 shares of the financial services provider’s stock worth $1,871,000 after buying an additional 12,144 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in Templeton Emerging Markets Fund by 184.6% during the second quarter. Wolverine Asset Management LLC now owns 131,018 shares of the financial services provider’s stock worth $1,912,000 after buying an additional 84,976 shares in the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.