Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.46 and traded as low as $5.96. Templeton Emerging Markets Income Fund shares last traded at $6.06, with a volume of 248,398 shares trading hands.

Templeton Emerging Markets Income Fund Trading Up 0.2%

The stock has a fifty day moving average of $6.56 and a two-hundred day moving average of $6.46.

Templeton Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.0475 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

Large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of Templeton Emerging Markets Income Fund by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,938 shares of the company’s stock valued at $264,000 after purchasing an additional 1,682 shares during the period. Uhlmann Price Securities LLC grew its position in Templeton Emerging Markets Income Fund by 6.9% during the fourth quarter. Uhlmann Price Securities LLC now owns 28,516 shares of the company’s stock worth $184,000 after buying an additional 1,848 shares during the period. Invictus Private Wealth LLC increased its holdings in Templeton Emerging Markets Income Fund by 2.2% in the fourth quarter. Invictus Private Wealth LLC now owns 110,932 shares of the company’s stock valued at $716,000 after buying an additional 2,397 shares in the last quarter. Kercheville Advisors LLC lifted its position in shares of Templeton Emerging Markets Income Fund by 4.0% during the 4th quarter. Kercheville Advisors LLC now owns 63,172 shares of the company’s stock valued at $420,000 after acquiring an additional 2,402 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Templeton Emerging Markets Income Fund by 1.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 181,442 shares of the company’s stock valued at $1,170,000 after acquiring an additional 2,751 shares during the period.

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.