Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Up 1.8% – What’s Next?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s share price traded up 1.8% during trading on Thursday . The stock traded as high as $6.40 and last traded at $6.39. 114,118 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 215,729 shares. The stock had previously closed at $6.28.

Templeton Emerging Markets Income Fund Stock Up 1.8%

The firm’s 50-day moving average is $6.37 and its 200 day moving average is $6.49.

Templeton Emerging Markets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be given a $0.054 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 10.1%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Compound Planning Inc. boosted its position 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 worth $656,000 after buying an additional 6,526 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Templeton Emerging Markets Income Fund by 3.4% in the 1st 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. Pacific Wealth Strategies Group Inc. purchased a new stake in shares of Templeton Emerging Markets Income Fund in the 1st quarter worth about $96,000. Nwam LLC raised its stake in Templeton Emerging Markets Income Fund by 42.3% in the 1st quarter. Nwam LLC now owns 26,005 shares of the company’s stock valued at $156,000 after purchasing an additional 7,726 shares during the last quarter. Finally, Kaizen Financial Strategies raised its stake in Templeton Emerging Markets Income Fund by 1.8% in the 1st quarter. Kaizen Financial Strategies now owns 174,506 shares of the company’s stock valued at $1,157,000 after purchasing an additional 3,126 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.