Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Up 1.5% – Still a Buy?

Templeton Emerging Markets Income Fund (NYSE:TEI) shot up 1.5% during mid-day trading on Wednesday . The company traded as high as $6.95 and last traded at $6.87. 741,337 shares traded hands during trading, an increase of 159% from the average session volume of 286,028 shares. The stock had previously closed at $6.77.

Templeton Emerging Markets Income Fund Trading Up 1.5%

The business’s fifty day moving average is $6.55 and its 200 day moving average is $6.32.

Templeton Emerging Markets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.0475 dividend. The ex-dividend date is Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors have recently modified their holdings of TEI. Uncommon Cents Investing LLC raised its position in shares of Templeton Emerging Markets Income Fund by 22.8% in the 3rd quarter. Uncommon Cents Investing LLC now owns 188,695 shares of the company’s stock worth $1,170,000 after acquiring an additional 35,080 shares in the last quarter. Gridiron Partners LLC boosted its holdings in shares of Templeton Emerging Markets Income Fund by 34,950.3% during the 3rd quarter. Gridiron Partners LLC now owns 12,817,897 shares of the company’s stock worth $79,471,000 after buying an additional 12,781,327 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Templeton Emerging Markets Income Fund by 7.5% during the 2nd quarter. Osaic Holdings Inc. now owns 241,818 shares of the company’s stock worth $1,451,000 after buying an additional 16,909 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Templeton Emerging Markets Income Fund in the 2nd quarter valued at $73,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in Templeton Emerging Markets Income Fund during the second quarter worth $898,000.

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.