Templeton Emerging Markets Income Fund (NYSE:TEI) Share Price Passes Below 50 Day Moving Average – What’s Next?

Templeton Emerging Markets Income Fund (NYSE:TEI)’s share price 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 trading hands.

Templeton Emerging Markets Income Fund Stock Performance

The stock has a 50 day moving average price of $5.41 and a 200 day moving average price of $5.45.

Templeton Emerging Markets Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

Several large investors have recently modified their holdings of the business. Truffle Hound Capital LLC acquired a new stake in Templeton Emerging Markets Income Fund in the fourth quarter valued at $1,037,000. Invesco Ltd. grew its position in shares of Templeton Emerging Markets Income Fund by 15.4% in the 4th quarter. Invesco Ltd. now owns 866,772 shares of the company’s stock valued at $4,447,000 after buying an additional 115,691 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Templeton Emerging Markets Income Fund by 3.3% in the fourth quarter. Evergreen Capital Management LLC now owns 3,627,669 shares of the company’s stock valued at $18,610,000 after buying an additional 115,664 shares during the period. Savvy Advisors Inc. bought a new position in shares of Templeton Emerging Markets Income Fund during the fourth quarter worth about $574,000. Finally, Raymond James Financial Inc. bought a new position in shares of Templeton Emerging Markets Income Fund during the fourth quarter worth about $498,000.

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.