Templeton Emerging Markets Fund (NYSE:EMF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Templeton Emerging Markets Fund (NYSE:EMF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.30 and traded as high as $22.51. Templeton Emerging Markets Fund shares last traded at $22.2180, with a volume of 24,614 shares changing hands.

Templeton Emerging Markets Fund Trading Up 0.2%

The business has a fifty day simple moving average of $22.31 and a 200-day simple moving average of $20.90.

Templeton Emerging Markets Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.3%. This is an increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, June 23rd.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several institutional investors have recently made changes to their positions in EMF. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Templeton Emerging Markets Fund in the 2nd quarter valued at about $39,000. Royal Bank of Canada raised its stake in Templeton Emerging Markets Fund by 56.5% during the 1st quarter. Royal Bank of Canada now owns 24,111 shares of the financial services provider’s stock worth $422,000 after buying an additional 8,707 shares during the period. Roberts Glore & Co. Inc. IL acquired a new position in Templeton Emerging Markets Fund during the 2nd quarter worth approximately $264,000. Global Retirement Partners LLC bought a new position in Templeton Emerging Markets Fund in the second quarter worth approximately $53,000. Finally, Visionary Wealth Advisors bought a new position in Templeton Emerging Markets Fund in the second quarter worth approximately $1,128,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.