Templeton Emerging Markets Income Fund (NYSE:TEI) Trading Up 1.8% – Still a Buy?

Templeton Emerging Markets Income Fund (NYSE:TEI) rose 1.8% during trading on Thursday . The stock traded as high as $6.40 and last traded at $6.39. Approximately 114,118 shares changed hands during trading, a decline of 47% from the average daily volume of 215,729 shares. The stock had previously closed at $6.28.

Templeton Emerging Markets Income Fund Stock Performance

The firm’s 50-day simple moving average is $6.37 and its 200 day simple moving average is $6.49.

Templeton Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Wednesday, September 23rd.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 1st quarter worth $32,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Templeton Emerging Markets Income Fund by 95.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock worth $35,000 after purchasing an additional 2,860 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 3rd quarter worth $50,000. Geneos Wealth Management Inc. boosted its position in shares of Templeton Emerging Markets Income Fund by 572.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock worth $50,000 after purchasing an additional 7,894 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 4th quarter worth $64,000.

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.