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

Templeton Emerging Markets Income Fund (NYSE:TEI) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.41 and traded as low as $6.28. Templeton Emerging Markets Income Fund shares last traded at $6.4750, with a volume of 140,052 shares changing hands.

Templeton Emerging Markets Income Fund Price Performance

The stock’s 50-day moving average is $6.41 and its 200 day moving average is $6.48.

Templeton Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.0475 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in shares of Templeton Emerging Markets Income Fund by 572.9% during the first quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock worth $50,000 after purchasing an additional 7,894 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Templeton Emerging Markets Income Fund by 30.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,119 shares of the company’s stock valued at $103,000 after buying an additional 3,970 shares in the last quarter. XTX Topco Ltd bought a new position in Templeton Emerging Markets Income Fund in the 2nd quarter valued at about $130,000. Northwestern Mutual Wealth Management Co. grew its position in Templeton Emerging Markets Income Fund by 95.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock valued at $35,000 after buying an additional 2,860 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Templeton Emerging Markets Income Fund by 1.8% during the 2nd quarter. Invesco Ltd. now owns 879,198 shares of the company’s stock valued at $5,275,000 after purchasing an additional 15,727 shares in 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.