Relative Value Partners Group LLC Sells 92,953 Shares of Templeton Emerging Markets (NYSE:EMF)

Relative Value Partners Group LLC lowered its holdings in Templeton Emerging Markets (NYSE:EMF) by 8.6% in the 1st quarter, HoldingsChannel reports. The fund owned 991,464 shares of the financial services provider’s stock after selling 92,953 shares during the quarter. Templeton Emerging Markets comprises approximately 1.6% of Relative Value Partners Group LLC’s portfolio, making the stock its 24th largest holding. Relative Value Partners Group LLC owned 0.06% of Templeton Emerging Markets worth $14,753,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in Templeton Emerging Markets during the 1st quarter worth approximately $206,000. City of London Investment Management Co. Ltd. increased its stake in Templeton Emerging Markets by 10.2% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 1,301,583 shares of the financial services provider’s stock worth $19,381,000 after purchasing an additional 120,034 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Templeton Emerging Markets by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 16,064 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 1,194 shares in the last quarter. First Trust Advisors LP increased its stake in Templeton Emerging Markets by 4.3% during the 1st quarter. First Trust Advisors LP now owns 112,658 shares of the financial services provider’s stock worth $1,676,000 after purchasing an additional 4,607 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Templeton Emerging Markets by 6.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,328 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 719 shares in the last quarter. 33.66% of the stock is owned by institutional investors.

NYSE EMF traded down $0.06 during trading hours on Friday, reaching $14.54. 9 shares of the company’s stock were exchanged, compared to its average volume of 28,886. Templeton Emerging Markets has a one year low of $12.60 and a one year high of $15.61.

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Templeton Emerging Markets 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.

Read More: Hedge Funds

Want to see what other hedge funds are holding EMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Templeton Emerging Markets (NYSE:EMF).

Institutional Ownership by Quarter for Templeton Emerging Markets (NYSE:EMF)

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