Templeton Emerging Markets Fund (NYSE:EMF) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Templeton Emerging Markets Fund (NYSE:EMF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.85 and traded as high as $19.79. Templeton Emerging Markets Fund shares last traded at $19.6550, with a volume of 70,592 shares traded.

Templeton Emerging Markets Fund Price Performance

The stock has a 50 day moving average of $17.96 and a 200 day moving average of $16.85.

Templeton Emerging Markets Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Templeton Emerging Markets Fund in the 4th quarter worth approximately $51,000. AQR Capital Management LLC purchased a new position in Templeton Emerging Markets Fund in the 1st quarter worth $140,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Templeton Emerging Markets Fund in the second quarter worth $278,000. Calamos Advisors LLC boosted its position in Templeton Emerging Markets Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 24,061 shares of the financial services provider’s stock valued at $403,000 after buying an additional 4,295 shares during the period. Finally, Shaker Financial Services LLC grew its stake in shares of Templeton Emerging Markets Fund by 12.0% during the second quarter. Shaker Financial Services LLC now owns 56,592 shares of the financial services provider’s stock valued at $826,000 after buying an additional 6,077 shares during the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

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.