Templeton Emerging Markets Fund (NYSE:EMF) Shares Down 0.5%

Templeton Emerging Markets Fund (NYSE:EMF) fell 0.5% during trading on Monday . The stock traded as low as $12.63 and last traded at $12.66. 49,980 shares were traded during mid-day trading, an increase of 121% from the average session volume of 22,639 shares. The stock had previously closed at $12.72.

Templeton Emerging Markets Fund Trading Down 0.5 %

The business’s fifty day moving average is $12.60 and its 200 day moving average is $12.25.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

A number of hedge funds and other institutional investors have recently modified their holdings of EMF. Blue Bell Private Wealth Management LLC raised its stake in shares of 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 buying an additional 1,712 shares during the last quarter. SouthState Corp purchased a new position in Templeton Emerging Markets Fund during the 2nd quarter valued at about $58,000. Wolverine Asset Management LLC increased its holdings in Templeton Emerging Markets Fund by 72.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 57,240 shares of the financial services provider’s stock valued at $707,000 after acquiring an additional 24,073 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Templeton Emerging Markets Fund by 5.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,088,484 shares of the financial services provider’s stock worth $13,454,000 after acquiring an additional 51,479 shares during the last quarter. Finally, Hara Capital LLC lifted its holdings in shares of Templeton Emerging Markets Fund by 1.6% in the second quarter. Hara Capital LLC now owns 58,198 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 933 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Company Profile

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.