Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Up 0.6% – Still a Buy?

Templeton Emerging Markets Income Fund (NYSE:TEI) shares traded up 0.6% on Friday. The company traded as high as $6.15 and last traded at $6.1340. 83,025 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 182,735 shares. The stock had previously closed at $6.10.

Templeton Emerging Markets Income Fund Trading Up 0.6%

The stock has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $6.50.

Templeton Emerging Markets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.0615 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 12.0%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of large investors have recently bought and sold shares of TEI. Csenge Advisory Group increased its holdings in shares of Templeton Emerging Markets Income Fund by 15.9% during the 3rd quarter. Csenge Advisory Group now owns 18,762 shares of the company’s stock valued at $115,000 after purchasing an additional 2,567 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Templeton Emerging Markets Income Fund by 6.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 48,854 shares of the company’s stock worth $300,000 after purchasing an additional 3,030 shares in the last quarter. Kaizen Financial Strategies boosted its position in Templeton Emerging Markets Income Fund by 1.8% during the first quarter. Kaizen Financial Strategies now owns 174,506 shares of the company’s stock worth $1,157,000 after acquiring an additional 3,126 shares during the last quarter. Noble Wealth Management PBC grew its position in shares of Templeton Emerging Markets Income Fund by 49.2% in the second quarter. Noble Wealth Management PBC now owns 10,825 shares of the company’s stock valued at $73,000 after purchasing an additional 3,570 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Templeton Emerging Markets Income Fund by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock worth $3,466,000 after acquiring an additional 3,920 shares during the last quarter.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol TEI. The fund is part of the Franklin Templeton family of investment products and is managed by investment professionals within the organization.

The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. It invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries.