Templeton Emerging Markets Income Fund (NYSE:TEI) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

by · The Markets Daily

Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.71 and traded as low as $6.46. Templeton Emerging Markets Income Fund shares last traded at $6.5150, with a volume of 191,259 shares traded.

Templeton Emerging Markets Income Fund Price Performance

The company’s 50-day moving average is $6.71 and its two-hundred day moving average is $6.52.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in Templeton Emerging Markets Income Fund during the 1st quarter worth $32,000. Global Retirement Partners LLC bought a new position in shares of Templeton Emerging Markets Income Fund during the fourth quarter valued at about $64,000. Noble Wealth Management PBC lifted its position in shares of Templeton Emerging Markets Income Fund by 49.2% during the second quarter. Noble Wealth Management PBC now owns 10,825 shares of the company’s stock valued at $73,000 after purchasing an additional 3,570 shares in the last quarter. Csenge Advisory Group purchased a new position in Templeton Emerging Markets Income Fund during the fourth quarter worth about $74,000. Finally, Pacific Wealth Strategies Group Inc. bought a new stake in Templeton Emerging Markets Income Fund in the 1st quarter worth about $96,000.

About Templeton Emerging Markets Income Fund

(Get Free Report)

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.

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