Templeton Emerging Markets Fund (NYSE:EMF) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Templeton Emerging Markets Fund (NYSE:EMF) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $21.11 and traded as high as $21.34. Templeton Emerging Markets Fund shares last traded at $21.3320, with a volume of 20,303 shares changing hands.

Templeton Emerging Markets Fund Trading Up 1.7%

The business has a fifty day moving average price of $22.15 and a two-hundred day moving average price of $21.11.

Templeton Emerging Markets Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, September 23rd.

Institutional Trading of Templeton Emerging Markets Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its stake in shares of Templeton Emerging Markets Fund by 1.6% in the 3rd quarter. Park Avenue Securities LLC now owns 36,646 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 570 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Templeton Emerging Markets Fund by 5.2% in the third quarter. Flagship Harbor Advisors LLC now owns 211,756 shares of the financial services provider’s stock worth $4,713,000 after purchasing an additional 10,534 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Templeton Emerging Markets Fund in the third quarter worth $44,000. Shaker Financial Services LLC acquired a new position in Templeton Emerging Markets Fund during the third quarter worth $300,000. Finally, Contravisory Investment Management Inc. acquired a new position in Templeton Emerging Markets Fund during the third quarter worth $409,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Emerging Markets Fund

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries. The fund provides investors with diversified exposure to businesses operating in developing economies and is managed as part of Franklin Templeton’s Templeton investment platform.

The fund may invest across a range of industries and geographies, including markets in Asia, Latin America, Eastern Europe, Africa and the Middle East.