Templeton Emerging Markets Fund (NYSE:EMF) Stock Price Up 0% – Here’s What Happened

Templeton Emerging Markets Fund (NYSE:EMF) was up 0% on Friday . The stock traded as high as $13.37 and last traded at $13.31. Approximately 25,509 shares were traded during trading, a decline of 37% from the average daily volume of 40,494 shares. The stock had previously closed at $13.30.

Templeton Emerging Markets Fund Stock Performance

The business has a 50-day simple moving average of $12.27 and a 200-day simple moving average of $12.70.

Templeton Emerging Markets Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Templeton Emerging Markets Fund in the 4th quarter worth about $59,000. Modern Wealth Management LLC purchased a new stake in Templeton Emerging Markets Fund in the 4th quarter worth about $143,000. HighTower Advisors LLC lifted its stake in 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. Calamos Advisors LLC lifted its stake in Templeton Emerging Markets Fund by 23.8% in the fourth quarter. Calamos Advisors LLC now owns 22,343 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 4,295 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Templeton Emerging Markets Fund during the fourth quarter valued at approximately $278,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

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.