Templeton Emerging Markets Income Fund (NYSE:TEI) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Templeton Emerging Markets Income Fund (NYSE:TEI) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.41 and traded as low as $5.38. Templeton Emerging Markets Income Fund shares last traded at $5.42, with a volume of 132,146 shares.

Templeton Emerging Markets Income Fund Stock Down 0.3 %

The stock has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $5.45.

Templeton Emerging Markets Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0475 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.55%.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 3,627,669 shares of the company’s stock worth $18,610,000 after purchasing an additional 115,664 shares in the last quarter. Invesco Ltd. boosted its holdings in Templeton Emerging Markets Income Fund by 15.4% in the fourth quarter. Invesco Ltd. now owns 866,772 shares of the company’s stock worth $4,447,000 after acquiring an additional 115,691 shares in the last quarter. HighTower Advisors LLC grew its stake in Templeton Emerging Markets Income Fund by 13.2% in the third quarter. HighTower Advisors LLC now owns 575,978 shares of the company’s stock valued at $3,358,000 after acquiring an additional 67,258 shares during the period. LPL Financial LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 9.8% during the fourth quarter. LPL Financial LLC now owns 446,730 shares of the company’s stock valued at $2,292,000 after acquiring an additional 40,004 shares in the last quarter. Finally, Rareview Capital LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 9.7% during the fourth quarter. Rareview Capital LLC now owns 430,701 shares of the company’s stock valued at $2,209,000 after acquiring an additional 38,017 shares in the last quarter.

Templeton Emerging Markets Income Fund Company Profile

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.