Optimum Investment Advisors grew its stake in Templeton Emerging Markets (NYSE:EMF) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,150 shares of the financial services provider’s stock after acquiring an additional 800 shares during the period. Optimum Investment Advisors’ holdings in Templeton Emerging Markets were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in EMF. FCA Corp TX acquired a new stake in shares of Templeton Emerging Markets in the third quarter valued at approximately $2,104,000. Park Avenue Securities LLC bought a new stake in Templeton Emerging Markets in the third quarter valued at about $313,000. FNY Investment Advisers LLC bought a new stake in Templeton Emerging Markets in the fourth quarter valued at about $123,000. First Trust Advisors LP increased its holdings in Templeton Emerging Markets by 4.3% in the first quarter. First Trust Advisors LP now owns 112,658 shares of the financial services provider’s stock valued at $1,676,000 after purchasing an additional 4,607 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its stake in Templeton Emerging Markets by 10.0% in the third quarter. Moloney Securities Asset Management LLC now owns 42,951 shares of the financial services provider’s stock valued at $630,000 after buying an additional 3,910 shares during the period. 35.51% of the stock is owned by institutional investors.
Shares of EMF opened at $15.94 on Friday. Templeton Emerging Markets has a 1 year low of $13.55 and a 1 year high of $16.70. The stock’s 50-day moving average price is $15.74 and its two-hundred day moving average price is $15.12.
About Templeton Emerging Markets
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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