Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.72 and traded as low as $6.62. Templeton Emerging Markets Income Fund shares last traded at $6.62, with a volume of 221,057 shares traded.

Templeton Emerging Markets Income Fund Stock Performance

The business has a 50-day moving average price of $6.72 and a 200 day moving average price of $6.45.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.0475 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a yield of 8.9%.

Institutional Trading of Templeton Emerging Markets Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in Templeton Emerging Markets Income Fund by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 40,938 shares of the company’s stock worth $264,000 after buying an additional 1,682 shares during the period. Uhlmann Price Securities LLC lifted its position in shares of Templeton Emerging Markets Income Fund by 6.9% during the fourth quarter. Uhlmann Price Securities LLC now owns 28,516 shares of the company’s stock worth $184,000 after acquiring an additional 1,848 shares in the last quarter. Invictus Private Wealth LLC lifted its position in shares of Templeton Emerging Markets Income Fund by 2.2% during the fourth quarter. Invictus Private Wealth LLC now owns 110,932 shares of the company’s stock worth $716,000 after acquiring an additional 2,397 shares in the last quarter. Kercheville Advisors LLC boosted its holdings in shares of Templeton Emerging Markets Income Fund by 4.0% in the fourth quarter. Kercheville Advisors LLC now owns 63,172 shares of the company’s stock worth $420,000 after acquiring an additional 2,402 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Templeton Emerging Markets Income Fund by 1.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 181,442 shares of the company’s stock valued at $1,170,000 after purchasing an additional 2,751 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.