Family Management Corp Reduces Stock Position in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI)

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Family Management Corp reduced its holdings in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 19.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,136 shares of the company’s stock after selling 8,710 shares during the period. Family Management Corp’s holdings in Templeton Emerging Markets Income Fund were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Morgan Stanley increased its position in Templeton Emerging Markets Income Fund by 9.1% during the 2nd quarter. Morgan Stanley now owns 644,614 shares of the company’s stock worth $6,588,000 after purchasing an additional 53,617 shares in the last quarter. Bank of America Corp DE increased its holdings in Templeton Emerging Markets Income Fund by 5.1% in the second quarter. Bank of America Corp DE now owns 564,467 shares of the company’s stock valued at $5,769,000 after purchasing an additional 27,280 shares during the last quarter. Cohen & Steers Inc. increased its holdings in Templeton Emerging Markets Income Fund by 17.3% in the second quarter. Cohen & Steers Inc. now owns 99,615 shares of the company’s stock valued at $1,018,000 after purchasing an additional 14,659 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Templeton Emerging Markets Income Fund by 6.8% in the second quarter. D.A. Davidson & CO. now owns 16,407 shares of the company’s stock valued at $168,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Resources Investment Advisors LLC. increased its holdings in Templeton Emerging Markets Income Fund by 21.9% in the second quarter. Resources Investment Advisors LLC. now owns 889,903 shares of the company’s stock valued at $9,095,000 after purchasing an additional 159,862 shares during the last quarter.

NYSE TEI traded up $0.03 on Friday, reaching $9.08. The company had a trading volume of 7,685 shares, compared to its average volume of 144,189. The stock’s 50 day moving average is $9.54 and its 200-day moving average is $10.04. Templeton Emerging Markets Income Fund, Inc. has a 52 week low of $8.96 and a 52 week high of $10.58.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.057 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.54%.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.

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Institutional Ownership by Quarter for Templeton Emerging Markets Income Fund (NYSE:TEI)

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