Templeton Emerging Markets Income Fund, Inc. Common Stock (TEI) Position Boosted by Saba Capital Management L.P.

Saba Capital Management L.P. increased its position in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI) by 30.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,259,638 shares of the company’s stock after purchasing an additional 1,470,736 shares during the period. Templeton Emerging Markets Income Fund, Inc. Common Stock makes up 3.9% of Saba Capital Management L.P.’s portfolio, making the stock its 3rd largest holding. Saba Capital Management L.P. owned about 13.04% of Templeton Emerging Markets Income Fund, Inc. Common Stock worth $70,734,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TEI. LPL Financial LLC boosted its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 543.4% during the 1st quarter. LPL Financial LLC now owns 114,611 shares of the company’s stock worth $1,295,000 after purchasing an additional 96,797 shares during the period. Relative Value Partners Group LLC purchased a new position in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock during the 1st quarter worth about $836,000. Vident Investment Advisory LLC boosted its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 11.7% during the 4th quarter. Vident Investment Advisory LLC now owns 504,774 shares of the company’s stock worth $5,638,000 after purchasing an additional 53,042 shares during the period. Private Advisor Group LLC purchased a new position in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock during the 1st quarter worth about $513,000. Finally, Citadel Advisors LLC purchased a new position in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock during the 4th quarter worth about $300,000.

In related news, insider Bates Ann Torre acquired 4,425 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was bought at an average price of $11.33 per share, for a total transaction of $50,135.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Saba Capital Management, L.P. sold 65,349 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $10.91, for a total transaction of $712,957.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 79,397 shares of company stock valued at $900,325.



Templeton Emerging Markets Income Fund, Inc. Common Stock opened at $10.45 on Thursday, MarketBeat.com reports. Templeton Emerging Markets Income Fund, Inc. Common Stock has a 12 month low of $10.32 and a 12 month high of $11.98.

Templeton Emerging Markets Income Fund, Inc. Common Stock Profile

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

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Institutional Ownership by Quarter for Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI)

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