Millennium Management LLC Acquires 10,515 Shares of Templeton Emerging Markets Income Fund, Inc. (TEI)

Millennium Management LLC boosted its holdings in shares of Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 66.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,415 shares of the company’s stock after buying an additional 10,515 shares during the quarter. Millennium Management LLC owned approximately 0.06% of Templeton Emerging Markets Income Fund worth $295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kelman Lazarov Inc. grew its position in Templeton Emerging Markets Income Fund by 21.6% during the fourth quarter. Kelman Lazarov Inc. now owns 209,273 shares of the company’s stock valued at $2,338,000 after buying an additional 37,191 shares during the period. Advisor Group Inc. boosted its position in shares of Templeton Emerging Markets Income Fund by 8.2% in the fourth quarter. Advisor Group Inc. now owns 93,976 shares of the company’s stock worth $1,050,000 after purchasing an additional 7,122 shares during the period. Guggenheim Capital LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 137.8% in the fourth quarter. Guggenheim Capital LLC now owns 37,993 shares of the company’s stock worth $424,000 after purchasing an additional 22,016 shares during the period. MML Investors Services LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 31.0% in the fourth quarter. MML Investors Services LLC now owns 35,535 shares of the company’s stock worth $397,000 after purchasing an additional 8,411 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Templeton Emerging Markets Income Fund in the fourth quarter worth approximately $300,000.

In other Templeton Emerging Markets Income Fund news, major shareholder Saba Capital Management, L.P. sold 65,349 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $10.91, for a total value of $712,957.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bates Ann Torre purchased 4,425 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was purchased at an average price of $11.33 per share, with a total value of $50,135.25. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 173,027 shares of company stock valued at $1,991,128.

Templeton Emerging Markets Income Fund opened at $10.75 on Tuesday, according to MarketBeat.com. Templeton Emerging Markets Income Fund, Inc. has a 1-year low of $10.41 and a 1-year high of $11.98.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

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Institutional Ownership by Quarter for Templeton Emerging Markets Income Fund (NYSE:TEI)

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