Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Up 1.4% – Time to Buy?

Templeton Emerging Markets Income Fund (NYSE:TEI) traded up 1.4% on Friday. The company traded as high as $6.20 and last traded at $6.1940. 124,955 shares were traded during trading, a decline of 32% from the average session volume of 184,386 shares. The stock had previously closed at $6.11.

Templeton Emerging Markets Income Fund Price Performance

The company’s fifty day moving average is $6.56 and its two-hundred day moving average is $6.50.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Several large investors have recently added to or reduced their stakes in TEI. Mason & Associates Inc increased its position in shares of Templeton Emerging Markets Income Fund by 105.3% during the second quarter. Mason & Associates Inc now owns 172,451 shares of the company’s stock worth $1,162,000 after acquiring an additional 88,465 shares during the period. Susquehanna International Group LLP acquired a new stake in Templeton Emerging Markets Income Fund in the 2nd quarter valued at about $536,000. Noble Wealth Management PBC boosted its stake in shares of Templeton Emerging Markets Income Fund by 49.2% in the 2nd quarter. Noble Wealth Management PBC now owns 10,825 shares of the company’s stock valued at $73,000 after buying an additional 3,570 shares during the period. Compound Planning Inc. boosted its stake in shares of Templeton Emerging Markets Income Fund by 6.4% in the 1st quarter. Compound Planning Inc. now owns 109,127 shares of the company’s stock valued at $656,000 after buying an additional 6,526 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Templeton Emerging Markets Income Fund by 3.4% during the first quarter. Cetera Investment Advisers now owns 244,294 shares of the company’s stock worth $1,468,000 after buying an additional 7,936 shares in the last quarter.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment fund managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds denominated in both local currencies and major international currencies, allowing the fund to gain exposure to emerging-market fixed-income markets across different regions.

The fund was established in 1986 and provides investors with professionally managed exposure to emerging-market economies and credit markets.