Park Avenue Securities LLC acquired a new position in Templeton Emerging Markets (NYSE:EMF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,048 shares of the financial services provider’s stock, valued at approximately $241,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMF. Raymond James Financial Services Advisors Inc. bought a new stake in Templeton Emerging Markets in the fourth quarter worth about $140,000. Pennsylvania Trust Co bought a new stake in Templeton Emerging Markets in the first quarter worth about $200,000. Raymond James & Associates lifted its stake in Templeton Emerging Markets by 18.1% in the fourth quarter. Raymond James & Associates now owns 15,224 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 2,328 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Templeton Emerging Markets in the fourth quarter worth about $208,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Templeton Emerging Markets during the fourth quarter valued at approximately $383,000. 34.00% of the stock is owned by institutional investors and hedge funds.
Templeton Emerging Markets stock opened at $14.86 on Friday. Templeton Emerging Markets has a fifty-two week low of $12.60 and a fifty-two week high of $16.14.
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Templeton Emerging Markets 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.
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