Templeton Emerging Markets Fund (NYSE:EMF) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Templeton Emerging Markets Fund (NYSE:EMF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.89 and traded as low as $17.32. Templeton Emerging Markets Fund shares last traded at $17.75, with a volume of 46,187 shares traded.

Templeton Emerging Markets Fund Stock Performance

The firm has a 50 day moving average of $19.18 and a two-hundred day moving average of $17.90.

Templeton Emerging Markets Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.88 dividend on an annualized basis and a yield of 5.0%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EMF. Lazard Asset Management LLC raised its stake in Templeton Emerging Markets Fund by 142.5% during the 3rd quarter. Lazard Asset Management LLC now owns 276,278 shares of the financial services provider’s stock worth $4,625,000 after acquiring an additional 162,366 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Templeton Emerging Markets Fund in the fourth quarter valued at $3,463,000. Steward Partners Investment Advisory LLC boosted its stake in Templeton Emerging Markets Fund by 358.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 133,417 shares of the financial services provider’s stock valued at $2,272,000 after acquiring an additional 104,325 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Templeton Emerging Markets Fund in the third quarter valued at $1,054,000. Finally, LPL Financial LLC boosted its stake in Templeton Emerging Markets Fund by 26.3% in the fourth quarter. LPL Financial LLC now owns 34,451 shares of the financial services provider’s stock valued at $587,000 after acquiring an additional 7,166 shares in the last quarter. 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 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.