Templeton Emerging Markets Income Fund (NYSE:TEI) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.46 and traded as low as $5.96. Templeton Emerging Markets Income Fund shares last traded at $6.06, with a volume of 248,398 shares traded.

Templeton Emerging Markets Income Fund Trading Up 0.2%

The business has a fifty day moving average price of $6.56 and a two-hundred day moving average price of $6.46.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.0475 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Gridiron Partners LLC boosted its holdings in shares of Templeton Emerging Markets Income Fund by 34,950.3% during the third quarter. Gridiron Partners LLC now owns 12,817,897 shares of the company’s stock worth $79,471,000 after purchasing an additional 12,781,327 shares during the period. Evergreen Capital Management LLC increased its stake in Templeton Emerging Markets Income Fund by 0.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,079,241 shares of the company’s stock valued at $19,861,000 after buying an additional 26,106 shares during the period. Invesco Ltd. increased its stake in Templeton Emerging Markets Income Fund by 1.8% in the 2nd quarter. Invesco Ltd. now owns 879,198 shares of the company’s stock valued at $5,275,000 after buying an additional 15,727 shares during the period. LPL Financial LLC lifted its position in Templeton Emerging Markets Income Fund by 8.5% in the 4th quarter. LPL Financial LLC now owns 557,610 shares of the company’s stock worth $3,597,000 after buying an additional 43,562 shares in the last quarter. Finally, Rareview Capital LLC lifted its position in Templeton Emerging Markets Income Fund by 9.6% in the 4th quarter. Rareview Capital LLC now owns 503,071 shares of the company’s stock worth $3,018,000 after buying an additional 44,090 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.