Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Down 0.5% – Here’s Why

Templeton Emerging Markets Income Fund (NYSE:TEI)’s stock price traded down 0.5% during mid-day trading on Monday . The company traded as low as $6.45 and last traded at $6.49. 195,548 shares were traded during mid-day trading, a decline of 37% from the average session volume of 311,524 shares. The stock had previously closed at $6.52.

Templeton Emerging Markets Income Fund Trading Down 0.5%

The company has a fifty day moving average of $6.43 and a two-hundred day moving average of $6.23.

Templeton Emerging Markets Income Fund Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a dividend yield of 897.0%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in shares of Templeton Emerging Markets Income Fund by 12.0% during the 1st quarter. Advisors Asset Management Inc. now owns 439,353 shares of the company’s stock worth $2,364,000 after buying an additional 46,974 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Templeton Emerging Markets Income Fund by 572.9% during the first quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock worth $50,000 after acquiring an additional 7,894 shares during the period. Uncommon Cents Investing LLC raised its position in Templeton Emerging Markets Income Fund by 108.1% in the second quarter. Uncommon Cents Investing LLC now owns 153,615 shares of the company’s stock worth $922,000 after acquiring an additional 79,784 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Templeton Emerging Markets Income Fund by 11.6% in the second quarter. Janney Montgomery Scott LLC now owns 175,396 shares of the company’s stock valued at $1,052,000 after acquiring an additional 18,251 shares during the period. Finally, Invictus Private Wealth LLC lifted its holdings in Templeton Emerging Markets Income Fund by 14.5% in the second quarter. Invictus Private Wealth LLC now owns 114,202 shares of the company’s stock valued at $685,000 after acquiring an additional 14,468 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.