Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Pass Below 50-Day Moving Average – What’s Next?

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.34 and traded as low as $5.10. Templeton Emerging Markets Income Fund shares last traded at $5.15, with a volume of 123,124 shares trading hands.

Templeton Emerging Markets Income Fund Stock Up 0.5 %

The company’s fifty day moving average is $5.34 and its 200 day moving average is $5.39.

Templeton Emerging Markets Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.0475 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date is Thursday, April 17th.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in TEI. Garden State Investment Advisory Services LLC purchased a new position in Templeton Emerging Markets Income Fund during the 3rd quarter valued at about $189,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Templeton Emerging Markets Income Fund by 9.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 30,519 shares of the company’s stock valued at $178,000 after acquiring an additional 2,579 shares during the period. SeaCrest Wealth Management LLC grew its stake in Templeton Emerging Markets Income Fund by 19.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 24,719 shares of the company’s stock valued at $127,000 after acquiring an additional 3,983 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in Templeton Emerging Markets Income Fund by 104.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 54,625 shares of the company’s stock worth $280,000 after acquiring an additional 27,850 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Templeton Emerging Markets Income Fund in the 4th quarter worth approximately $304,000.

Templeton Emerging Markets Income Fund Company Profile

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.