Templeton Emerging Markets Fund (NYSE:EMF) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Templeton Emerging Markets Fund (NYSE:EMF) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.13 and traded as low as $12.97. Templeton Emerging Markets Fund shares last traded at $13.02, with a volume of 19,607 shares trading hands.

Templeton Emerging Markets Fund Stock Up 0.6 %

The firm’s fifty day moving average price is $13.13 and its 200-day moving average price is $12.59.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Logan Stone Capital LLC bought a new stake in shares of Templeton Emerging Markets Fund in the 2nd quarter worth approximately $789,000. City of London Investment Management Co. Ltd. lifted its holdings in shares of Templeton Emerging Markets Fund by 2.6% during the second quarter. City of London Investment Management Co. Ltd. now owns 3,730,251 shares of the financial services provider’s stock valued at $46,106,000 after purchasing an additional 94,263 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Templeton Emerging Markets Fund by 10.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,712 shares during the period. SouthState Corp purchased a new position in Templeton Emerging Markets Fund in the 2nd quarter worth about $58,000. Finally, Wolverine Asset Management LLC raised 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 worth $707,000 after buying an additional 24,073 shares during the period. 49.86% of the stock is owned by institutional investors and hedge funds.

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.