Templeton Emerging Markets Fund (NYSE:EMF) Stock Falls 0.8% – What’s Next?

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 changed hands during trading, a decline of 40% from the average daily volume of 27,901 shares. The stock had previously closed at $22.35.

Templeton Emerging Markets Fund Stock Down 0.4%

The company has a 50 day moving average price of $22.35 and a 200-day moving average price of $21.78.

Templeton Emerging Markets Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $0.96 annualized dividend and a yield of 4.4%.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

A number of institutional investors have recently added to or reduced their stakes in EMF. Bank of America Corp DE bought a new stake in shares of Templeton Emerging Markets Fund during the second quarter valued at approximately $1,458,000. Beacon Pointe Advisors LLC bought a new stake in Templeton Emerging Markets Fund during the second quarter valued at approximately $2,634,000. Public Employees Retirement System of Ohio bought a new position in shares of Templeton Emerging Markets Fund during the 2nd quarter valued at approximately $1,462,000. Visionary Wealth Advisors purchased a new position in shares of Templeton Emerging Markets Fund in the second quarter valued at about $1,128,000. Finally, Calamos Advisors LLC raised its position in shares of Templeton Emerging Markets Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 45,191 shares of the financial services provider’s stock valued at $790,000 after buying an additional 5,380 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

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.