Ancora Advisors LLC Cuts Holdings in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI)

Ancora Advisors LLC lessened its stake in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,767 shares of the company’s stock after selling 7,975 shares during the quarter. Ancora Advisors LLC’s holdings in Templeton Emerging Markets Income Fund were worth $5,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC purchased a new stake in Templeton Emerging Markets Income Fund in the fourth quarter worth $683,000. Park Avenue Securities LLC bought a new stake in Templeton Emerging Markets Income Fund during the first quarter valued at $236,000. Stephens Inc. AR boosted its stake in Templeton Emerging Markets Income Fund by 1.7% during the first quarter. Stephens Inc. AR now owns 76,923 shares of the company’s stock valued at $788,000 after buying an additional 1,317 shares during the period. Cetera Advisor Networks LLC boosted its stake in Templeton Emerging Markets Income Fund by 69.4% during the first quarter. Cetera Advisor Networks LLC now owns 25,283 shares of the company’s stock valued at $259,000 after buying an additional 10,360 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV boosted its stake in Templeton Emerging Markets Income Fund by 61.8% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 26,700 shares of the company’s stock valued at $273,000 after buying an additional 10,200 shares during the period.

NYSE:TEI traded down $0.10 during trading hours on Friday, hitting $9.12. 789 shares of the company’s stock traded hands, compared to its average volume of 145,005. The business’s fifty day simple moving average is $9.71 and its two-hundred day simple moving average is $10.08. Templeton Emerging Markets Income Fund, Inc. has a 52 week low of $8.96 and a 52 week high of $10.58.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.057 per share. The ex-dividend date is Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.50%.

About Templeton Emerging Markets Income Fund

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.

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Institutional Ownership by Quarter for Templeton Emerging Markets Income Fund (NYSE:TEI)

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