Templeton Emerging Markets Income Fund (NYSE:TEI) Trading Down 0.6% – What’s Next?

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) traded down 0.6% on Friday . The stock traded as low as $5.41 and last traded at $5.42. 50,380 shares changed hands during trading, a decline of 69% from the average session volume of 164,788 shares. The stock had previously closed at $5.45.

Templeton Emerging Markets Income Fund Price Performance

The stock’s fifty day moving average is $5.28 and its 200-day moving average is $5.48.

Templeton Emerging Markets Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.0475 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.57 annualized dividend and a dividend yield of 10.52%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEI. Kaizen Financial Strategies increased its position in shares of Templeton Emerging Markets Income Fund by 93.0% during the 4th quarter. Kaizen Financial Strategies now owns 66,645 shares of the company’s stock worth $342,000 after purchasing an additional 32,117 shares during the last quarter. Cetera Investment Advisers boosted its stake in Templeton Emerging Markets Income Fund by 49.9% during the fourth quarter. Cetera Investment Advisers now owns 154,923 shares of the company’s stock worth $795,000 after buying an additional 51,553 shares during the period. Shaker Financial Services LLC increased its position in shares of Templeton Emerging Markets Income Fund by 16.3% during the fourth quarter. Shaker Financial Services LLC now owns 164,074 shares of the company’s stock valued at $842,000 after acquiring an additional 22,974 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 3.3% in the 4th quarter. Evergreen Capital Management LLC now owns 3,627,669 shares of the company’s stock valued at $18,610,000 after acquiring an additional 115,664 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 19.9% in the 4th quarter. Guggenheim Capital LLC now owns 234,275 shares of the company’s stock valued at $1,202,000 after acquiring an additional 38,949 shares during the period.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.