Templeton Emerging Markets Fund (NYSE:EMF) Shares Down 0.8% – Time to Sell?

Shares of Templeton Emerging Markets Fund (NYSE:EMF) fell 0.8% during mid-day trading on Monday. The stock traded as low as $22.12 and last traded at $22.18. Approximately 16,725 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 27,901 shares. The stock had previously closed at $22.35.

Templeton Emerging Markets Fund Price Performance

The stock has a 50 day moving average price of $22.36 and a 200-day moving average price of $21.76.

Templeton Emerging Markets Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 23rd.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in Templeton Emerging Markets Fund during the 2nd quarter worth $1,458,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter valued at about $2,634,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter valued at about $1,462,000. Visionary Wealth Advisors acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter valued at about $1,128,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Templeton Emerging Markets Fund in the second quarter worth about $258,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.