Templeton Emerging Markets Fund (NYSE:EMF) Shares Cross Above 50 Day Moving Average – What’s Next?

Templeton Emerging Markets Fund (NYSE:EMF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $22.53 and traded as high as $22.95. Templeton Emerging Markets Fund shares last traded at $22.3350, with a volume of 20,647 shares traded.

Templeton Emerging Markets Fund Trading Up 0.1%

The firm’s fifty day moving average price is $22.53 and its 200-day moving average price is $20.03.

Templeton Emerging Markets Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.24 per share. This is a positive change from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several large investors have recently added to or reduced their stakes in EMF. Royal Bank of Canada lifted 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 acquiring an additional 8,707 shares during the period. Cetera Investment Advisers increased 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 valued at $386,000 after purchasing an additional 754 shares during the period. First Trust Advisors LP raised its stake in shares of 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 valued at $495,000 after purchasing an additional 10,116 shares in the last quarter. Calamos Advisors LLC lifted its position 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 during the period. Finally, Fifth Third Bancorp bought a new position in Templeton Emerging Markets Fund in the first quarter worth $26,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

About Templeton Emerging Markets Fund

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.