Templeton Emerging Markets Fund (NYSE:EMF) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Templeton Emerging Markets Fund (NYSE:EMF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.18 and traded as high as $20.35. Templeton Emerging Markets Fund shares last traded at $20.27, with a volume of 31,756 shares trading hands.

Templeton Emerging Markets Fund Stock Performance

The firm has a 50 day moving average of $18.48 and a 200-day moving average of $17.18.

Templeton Emerging Markets Fund Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in Templeton Emerging Markets Fund by 5.1% in the 4th quarter. Cetera Investment Advisers now owns 21,342 shares of the financial services provider’s stock valued at $363,000 after buying an additional 1,027 shares during the period. Royal Bank of Canada lifted its holdings in shares of Templeton Emerging Markets Fund by 8.3% during the 4th quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 1,178 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Templeton Emerging Markets Fund by 1.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 129,555 shares of the financial services provider’s stock valued at $2,169,000 after acquiring an additional 1,310 shares in the last quarter. Alexander Randolph Advisory Inc. increased its stake in Templeton Emerging Markets Fund by 1.2% in the second quarter. Alexander Randolph Advisory Inc. now owns 131,992 shares of the financial services provider’s stock valued at $1,926,000 after acquiring an additional 1,530 shares during the period. Finally, Uncommon Cents Investing LLC increased its stake in Templeton Emerging Markets Fund by 1.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 157,428 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 1,820 shares during the period. 49.86% of the stock is owned by institutional investors.

About Templeton Emerging Markets Fund

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.