Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.72 and traded as low as $6.62. Templeton Emerging Markets Income Fund shares last traded at $6.62, with a volume of 221,057 shares.

Templeton Emerging Markets Income Fund Stock Performance

The firm’s 50-day simple moving average is $6.72 and its two-hundred day simple moving average is $6.45.

Templeton Emerging Markets Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a dividend of $0.0475 per share. The ex-dividend date is Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

Several institutional investors have recently made changes to their positions in the company. Uncommon Cents Investing LLC increased its position in shares of Templeton Emerging Markets Income Fund by 8.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 205,260 shares of the company’s stock valued at $1,324,000 after buying an additional 16,565 shares in the last quarter. Kaizen Financial Strategies boosted its position in Templeton Emerging Markets Income Fund by 4.8% during the fourth quarter. Kaizen Financial Strategies now owns 171,380 shares of the company’s stock worth $1,105,000 after acquiring an additional 7,882 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Templeton Emerging Markets Income Fund by 572.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock valued at $50,000 after acquiring an additional 7,894 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 3.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 260,405 shares of the company’s stock valued at $1,680,000 after purchasing an additional 8,333 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its position in Templeton Emerging Markets Income Fund by 17.9% during the fourth quarter. Shaker Financial Services LLC now owns 179,677 shares of the company’s stock worth $1,159,000 after buying an additional 27,330 shares in 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.