Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Up 1.5% – Here’s What Happened

Templeton Emerging Markets Income Fund (NYSE:TEI)’s stock price traded 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 changed 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 Stock 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 business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a $0.0475 dividend. The ex-dividend date is Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds have recently bought and sold shares of the company. Uhlmann Price Securities LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 6.9% in the fourth quarter. Uhlmann Price Securities LLC now owns 28,516 shares of the company’s stock valued at $184,000 after purchasing an additional 1,848 shares in the last quarter. Kercheville Advisors LLC increased its stake in Templeton Emerging Markets Income Fund by 4.0% in the fourth quarter. Kercheville Advisors LLC now owns 63,172 shares of the company’s stock valued at $420,000 after acquiring an additional 2,402 shares during the period. Oppenheimer & Co. Inc. raised 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 buying an additional 2,751 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Templeton Emerging Markets Income Fund by 8.3% during the third quarter. SeaCrest Wealth Management LLC now owns 36,840 shares of the company’s stock worth $232,000 after acquiring an additional 2,813 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Templeton Emerging Markets Income Fund by 95.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock worth $35,000 after purchasing an additional 2,860 shares in 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.