Cohen & Steers Inc. lowered its stake in Templeton Emerging Markets (NYSE:EMF) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 339,859 shares of the financial services provider’s stock after selling 37,457 shares during the quarter. Cohen & Steers Inc. owned approximately 1.90% of Templeton Emerging Markets worth $5,614,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EMF. BB&T Securities LLC increased its position in Templeton Emerging Markets by 1.8% during the second quarter. BB&T Securities LLC now owns 11,575 shares of the financial services provider’s stock worth $173,000 after buying an additional 200 shares during the last quarter. Advisor Group Inc. increased its position in Templeton Emerging Markets by 58.7% during the third quarter. Advisor Group Inc. now owns 14,238 shares of the financial services provider’s stock worth $234,000 after buying an additional 5,265 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Templeton Emerging Markets during the third quarter worth approximately $646,000. Rathbone Brothers plc increased its position in Templeton Emerging Markets by 17.1% during the second quarter. Rathbone Brothers plc now owns 44,510 shares of the financial services provider’s stock worth $664,000 after buying an additional 6,485 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in Templeton Emerging Markets by 22.7% during the second quarter. Flagship Harbor Advisors LLC now owns 65,462 shares of the financial services provider’s stock worth $977,000 after buying an additional 12,105 shares during the last quarter. 32.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Templeton Emerging Markets (NYSE EMF) traded up $0.18 during midday trading on Tuesday, reaching $17.13. The company’s stock had a trading volume of 29,900 shares, compared to its average volume of 53,690. Templeton Emerging Markets has a 1 year low of $11.60 and a 1 year high of $17.76.

The company also recently disclosed an annual dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.2491 per share. This represents a dividend yield of 1.46%. The ex-dividend date is Thursday, December 14th. This is a boost from Templeton Emerging Markets’s previous annual dividend of $0.20.

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Templeton Emerging Markets Company Profile

Templeton Emerging Markets Fund is a closed-end management investment company. The Fund seeks long-term capital appreciation by investing, under normal market conditions, at least over 80% of its net assets in emerging country equity securities or those companies, which derive a proportion of their revenues from emerging economies.

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Institutional Ownership by Quarter for Templeton Emerging Markets (NYSE:EMF)

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