Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Templeton Emerging Markets Income Fund (NYSE:TEI) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.39 and traded as low as $6.38. Templeton Emerging Markets Income Fund shares last traded at $6.4450, with a volume of 150,747 shares changing hands.

Templeton Emerging Markets Income Fund Stock Performance

The stock’s fifty day moving average is $6.39 and its 200-day moving average is $6.49.

Templeton Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.0475 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TEI. Fifth Third Bancorp acquired a new position in shares of Templeton Emerging Markets Income Fund in the first quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Templeton Emerging Markets Income Fund by 95.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock valued at $35,000 after buying an additional 2,860 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Templeton Emerging Markets Income Fund by 572.9% in the first quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock valued at $50,000 after buying an additional 7,894 shares during the period. Advisory Services Network LLC acquired a new position in shares of Templeton Emerging Markets Income Fund in the third quarter valued at approximately $50,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Templeton Emerging Markets Income Fund in the third quarter valued at approximately $59,000.

Templeton Emerging Markets Income Fund Company Profile

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.