Templeton Emerging Markets Income Fund (NYSE:TEI) Trading Up 1.8% – Still a Buy?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s stock price was up 1.8% during mid-day trading on Thursday . The company traded as high as $6.40 and last traded at $6.39. Approximately 114,118 shares traded hands during trading, a decline of 47% from the average daily volume of 215,729 shares. The stock had previously closed at $6.28.

Templeton Emerging Markets Income Fund Trading Up 1.2%

The business has a fifty day moving average of $6.38 and a 200-day moving average of $6.49.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Wednesday, September 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Compound Planning Inc. increased its holdings in Templeton Emerging Markets Income Fund by 6.4% during the 1st quarter. Compound Planning Inc. now owns 109,127 shares of the company’s stock valued at $656,000 after purchasing an additional 6,526 shares during the period. Cetera Investment Advisers increased its holdings in Templeton Emerging Markets Income Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 244,294 shares of the company’s stock valued at $1,468,000 after purchasing an additional 7,936 shares during the period. Pacific Wealth Strategies Group Inc. purchased a new position in Templeton Emerging Markets Income Fund during the 1st quarter valued at about $96,000. Nwam LLC increased its holdings in Templeton Emerging Markets Income Fund by 42.3% during the 1st quarter. Nwam LLC now owns 26,005 shares of the company’s stock valued at $156,000 after purchasing an additional 7,726 shares during the period. Finally, Kaizen Financial Strategies increased its holdings in Templeton Emerging Markets Income Fund by 1.8% during the 1st quarter. Kaizen Financial Strategies now owns 174,506 shares of the company’s stock valued at $1,157,000 after purchasing an additional 3,126 shares during the period.

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.