Templeton Emerging Markets Fund (NYSE:EMF) Shares Pass Below 50-Day Moving Average – Should You Sell?

Templeton Emerging Markets Fund (NYSE:EMF – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $22.64 and traded as low as $20.28. Templeton Emerging Markets Fund shares last traded at $20.4450, with a volume of 37,992 shares trading hands.

Templeton Emerging Markets Fund Trading Up 4.3%

The business has a 50 day simple moving average of $22.57 and a two-hundred day simple moving average of $20.67.

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Templeton Emerging Markets Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This is an increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Templeton Emerging Markets Fund by 56.5% in the 1st quarter. Royal Bank of Canada now owns 24,111 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 8,707 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Templeton Emerging Markets Fund by 3.5% during the first quarter. Cetera Investment Advisers now owns 22,096 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 754 shares during the last quarter. First Trust Advisors LP grew its stake in Templeton Emerging Markets Fund by 55.6% in the first quarter. First Trust Advisors LP now owns 28,319 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 10,116 shares in the last quarter. Calamos Advisors LLC grew its stake in Templeton Emerging Markets Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 45,191 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 5,380 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in Templeton Emerging Markets Fund in the first quarter valued at about $26,000. 49.86% of the stock is currently owned by institutional investors.

Templeton Emerging Markets Fund Company Profile

(Get Free Report)

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.

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