Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.40 and traded as high as $6.95. Templeton Emerging Markets Income Fund shares last traded at $6.90, with a volume of 398,481 shares changing hands.

Templeton Emerging Markets Income Fund Trading Down 0.4%

The business has a 50-day moving average price of $6.64 and a two-hundred day moving average price of $6.40.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently disclosed 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. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Uncommon Cents Investing LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 22.8% during the third quarter. Uncommon Cents Investing LLC now owns 188,695 shares of the company’s stock valued at $1,170,000 after buying an additional 35,080 shares during the last quarter. Osaic Holdings Inc. raised its position in Templeton Emerging Markets Income Fund by 7.5% in the 2nd quarter. Osaic Holdings Inc. now owns 241,818 shares of the company’s stock valued at $1,451,000 after buying an additional 16,909 shares during the last quarter. Kercheville Advisors LLC lifted its stake in Templeton Emerging Markets Income Fund by 5.6% during the 3rd quarter. Kercheville Advisors LLC now owns 60,770 shares of the company’s stock valued at $377,000 after acquiring an additional 3,199 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Templeton Emerging Markets Income Fund during the 3rd quarter worth $59,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Templeton Emerging Markets Income Fund by 1.5% during 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.

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.