Templeton Emerging Markets Income Fund (NYSE:TEI) Trading 0.1% Higher – Time to Buy?

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) were up 0.1% during mid-day trading on Monday . The stock traded as high as $6.60 and last traded at $6.5740. 111,019 shares traded hands during trading, a decline of 43% from the average session volume of 195,990 shares. The stock had previously closed at $6.57.

Templeton Emerging Markets Income Fund Stock Performance

The business’s fifty day moving average price is $6.54 and its 200 day moving average price is $6.53.

Templeton Emerging Markets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Wednesday, September 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Noble Wealth Management PBC grew its position in shares of Templeton Emerging Markets Income Fund by 49.2% in the 2nd quarter. Noble Wealth Management PBC now owns 10,825 shares of the company’s stock valued at $73,000 after buying an additional 3,570 shares during the last quarter. Compound Planning Inc. raised its position in shares of Templeton Emerging Markets Income Fund by 6.4% during the first quarter. Compound Planning Inc. now owns 109,127 shares of the company’s stock worth $656,000 after acquiring an additional 6,526 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Templeton Emerging Markets Income Fund by 3.4% in the first quarter. Cetera Investment Advisers now owns 244,294 shares of the company’s stock worth $1,468,000 after acquiring an additional 7,936 shares during the period. Pacific Wealth Strategies Group Inc. acquired a new position in shares of Templeton Emerging Markets Income Fund in the first quarter worth approximately $96,000. Finally, Nwam LLC boosted its holdings in Templeton Emerging Markets Income Fund by 42.3% in the first quarter. Nwam LLC now owns 26,005 shares of the company’s stock valued at $156,000 after acquiring an additional 7,726 shares during the last quarter.

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.