Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.70 and traded as low as $6.36. Templeton Emerging Markets Income Fund shares last traded at $6.37, with a volume of 92,598 shares traded.

Templeton Emerging Markets Income Fund Price Performance

The stock has a 50 day moving average of $6.70 and a 200 day moving average of $6.47.

Templeton Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.0475 per share. The ex-dividend date is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 8.9%.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Templeton Emerging Markets Income Fund by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,938 shares of the company’s stock worth $264,000 after buying an additional 1,682 shares in the last quarter. Uhlmann Price Securities LLC grew its position in Templeton Emerging Markets Income Fund by 6.9% during the fourth quarter. Uhlmann Price Securities LLC now owns 28,516 shares of the company’s stock valued at $184,000 after acquiring an additional 1,848 shares during the last quarter. Invictus Private Wealth LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 2.2% during the fourth quarter. Invictus Private Wealth LLC now owns 110,932 shares of the company’s stock worth $716,000 after acquiring an additional 2,397 shares in the last quarter. Kercheville Advisors LLC lifted its holdings in shares of Templeton Emerging Markets Income Fund by 4.0% in the 4th quarter. Kercheville Advisors LLC now owns 63,172 shares of the company’s stock worth $420,000 after acquiring an additional 2,402 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Templeton Emerging Markets Income Fund by 1.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 181,442 shares of the company’s stock worth $1,170,000 after acquiring an additional 2,751 shares during the last quarter.

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.