Templeton Emerging Markets Fund (NYSE:EMF) Stock Price Up 0% – Should You Buy?

Templeton Emerging Markets Fund (NYSE:EMF)’s share price traded up 0% during mid-day trading on Friday . The stock traded as high as $13.37 and last traded at $13.31. 25,509 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 40,494 shares. The stock had previously closed at $13.30.

Templeton Emerging Markets Fund Trading Up 0.0 %

The business’s 50 day simple moving average is $12.27 and its 200 day simple moving average is $12.70.

Templeton Emerging Markets Fund Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.5114 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 1.2%.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

A number of hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC increased its holdings in Templeton Emerging Markets Fund by 25.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 71,552 shares of the financial services provider’s stock valued at $969,000 after acquiring an additional 14,312 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Templeton Emerging Markets Fund by 6.3% in the third quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 819 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Templeton Emerging Markets Fund in the third quarter worth about $5,455,000. Park Avenue Securities LLC boosted its stake in Templeton Emerging Markets Fund by 7.4% during the fourth quarter. Park Avenue Securities LLC now owns 59,305 shares of the financial services provider’s stock valued at $709,000 after buying an additional 4,101 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its holdings in Templeton Emerging Markets Fund by 17.9% during the 4th quarter. Uncommon Cents Investing LLC now owns 91,303 shares of the financial services provider’s stock valued at $1,091,000 after buying an additional 13,890 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.