Templeton Emerging Markets Income Fund (NYSE:TEI) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.44 and traded as high as $6.76. Templeton Emerging Markets Income Fund shares last traded at $6.73, with a volume of 68,679 shares changing hands.

Templeton Emerging Markets Income Fund Stock Performance

The business has a 50-day moving average price of $6.44 and a two-hundred day moving average price of $6.50.

Templeton Emerging Markets Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.054 per share. The ex-dividend date is Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 9.6%.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

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