Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Templeton Emerging Markets Income Fund (NYSE:TEI) passed 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 changing hands.

Templeton Emerging Markets Income Fund Price Performance

The firm has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $5.45.

Templeton Emerging Markets Income Fund Announces Dividend

The firm 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 is Monday, March 17th. This represents a $0.57 annualized dividend and a yield of 10.52%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors increased its stake in shares of Templeton Emerging Markets Income Fund by 120.0% in the 4th quarter. Optimum Investment Advisors now owns 5,500 shares of the company’s stock worth $28,000 after purchasing an additional 3,000 shares in the last quarter. Avior Wealth Management LLC increased its position in Templeton Emerging Markets Income Fund by 69.4% in the fourth quarter. Avior Wealth Management LLC now owns 6,116 shares of the company’s stock worth $31,000 after buying an additional 2,506 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Templeton Emerging Markets Income Fund in the fourth quarter worth about $58,000. Apollon Wealth Management LLC purchased a new position in shares of Templeton Emerging Markets Income Fund during the 4th quarter valued at about $73,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Templeton Emerging Markets Income Fund during the 4th quarter valued at approximately $74,000.

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.