Templeton Emerging Markets Fund (NYSE:EMF – Get Free Report) dropped 0.5% on Monday . The company traded as low as $12.63 and last traded at $12.66. Approximately 49,980 shares were traded during trading, an increase of 121% from the average daily volume of 22,639 shares. The stock had previously closed at $12.72.
Templeton Emerging Markets Fund Stock Performance
The stock has a 50 day moving average price of $12.60 and a two-hundred day moving average price of $12.26.
Institutional Investors Weigh In On Templeton Emerging Markets Fund
Large investors have recently added to or reduced their stakes in the stock. SouthState Corp acquired a new stake in Templeton Emerging Markets Fund during the second quarter worth approximately $58,000. Cetera Advisors LLC bought a new position in shares of Templeton Emerging Markets Fund in the 1st quarter valued at $190,000. Blue Bell Private Wealth Management LLC raised its position in Templeton Emerging Markets Fund by 10.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 1,712 shares during the last quarter. Calamos Advisors LLC raised its position in Templeton Emerging Markets Fund by 46.4% during the 2nd quarter. Calamos Advisors LLC now owns 24,768 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 7,855 shares during the last quarter. Finally, Uncommon Cents Investing LLC raised its position in Templeton Emerging Markets Fund by 23.6% during the 1st quarter. Uncommon Cents Investing LLC now owns 57,342 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 10,940 shares during the last quarter. Institutional investors and hedge funds 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.
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