Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Templeton Emerging Markets Income Fund (NYSE:TEI) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.39 and traded as low as $6.38. Templeton Emerging Markets Income Fund shares last traded at $6.4450, with a volume of 150,747 shares traded.

Templeton Emerging Markets Income Fund Trading Up 0.7%

The company’s fifty day moving average is $6.39 and its 200 day moving average is $6.49.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.0475 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 8.8%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC boosted its holdings in Templeton Emerging Markets Income Fund by 0.9% during the fourth quarter. Evergreen Capital Management LLC now owns 3,079,241 shares of the company’s stock worth $19,861,000 after purchasing an additional 26,106 shares during the last quarter. Invesco Ltd. boosted its holdings in Templeton Emerging Markets Income Fund by 1.8% during the second quarter. Invesco Ltd. now owns 879,198 shares of the company’s stock worth $5,275,000 after purchasing an additional 15,727 shares during the last quarter. LPL Financial LLC boosted its holdings in Templeton Emerging Markets Income Fund by 8.5% during the fourth quarter. LPL Financial LLC now owns 557,610 shares of the company’s stock worth $3,597,000 after purchasing an additional 43,562 shares during the last quarter. Rareview Capital LLC boosted its holdings in Templeton Emerging Markets Income Fund by 9.6% during the first quarter. Rareview Capital LLC now owns 551,585 shares of the company’s stock worth $3,310,000 after purchasing an additional 48,514 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in Templeton Emerging Markets Income Fund by 4.0% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 412,810 shares of the company’s stock worth $2,663,000 after purchasing an additional 15,750 shares during the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.