Templeton Emerging Markets Fund (NYSE:EMF) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Templeton Emerging Markets Fund (NYSE:EMF) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.85 and traded as low as $12.65. Templeton Emerging Markets Fund shares last traded at $12.67, with a volume of 21,959 shares traded.

Templeton Emerging Markets Fund Price Performance

The stock has a 50 day moving average of $12.84 and a two-hundred day moving average of $12.78.

Templeton Emerging Markets Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 7.43%. The ex-dividend date was Monday, March 17th.

Institutional Trading of Templeton Emerging Markets Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC acquired a new position in Templeton Emerging Markets Fund during the third quarter valued at approximately $5,455,000. Flagship Harbor Advisors LLC boosted its holdings in Templeton Emerging Markets Fund by 968.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 207,769 shares of the financial services provider’s stock valued at $2,483,000 after purchasing an additional 188,322 shares during the period. Bank of America Corp DE boosted its stake in Templeton Emerging Markets Fund by 33.9% in the fourth quarter. Bank of America Corp DE now owns 296,864 shares of the financial services provider’s stock worth $3,548,000 after buying an additional 75,240 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Templeton Emerging Markets Fund during the fourth quarter valued at about $765,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Templeton Emerging Markets Fund by 56.6% in the fourth quarter. Wolverine Asset Management LLC now owns 112,049 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 40,497 shares during the last quarter. Institutional investors own 49.86% of the company’s stock.

About Templeton Emerging Markets Fund

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.