Bank of America Corp DE Boosts Stock Holdings in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI)

Bank of America Corp DE boosted its stake in shares of Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 564,467 shares of the company’s stock after purchasing an additional 27,280 shares during the period. Bank of America Corp DE’s holdings in Templeton Emerging Markets Income Fund were worth $5,769,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. raised its stake in shares of Templeton Emerging Markets Income Fund by 6.8% in the 2nd quarter. D.A. Davidson & CO. now owns 16,407 shares of the company’s stock valued at $168,000 after acquiring an additional 1,048 shares during the period. Stephens Inc. AR raised its stake in shares of Templeton Emerging Markets Income Fund by 1.4% in the 2nd quarter. Stephens Inc. AR now owns 77,986 shares of the company’s stock valued at $797,000 after acquiring an additional 1,063 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 11.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,698 shares of the company’s stock valued at $160,000 after acquiring an additional 1,567 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Templeton Emerging Markets Income Fund by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,441 shares of the company’s stock valued at $270,000 after acquiring an additional 3,485 shares during the period. Finally, Wealthsource Partners LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 27.9% in the 2nd quarter. Wealthsource Partners LLC now owns 19,287 shares of the company’s stock valued at $197,000 after acquiring an additional 4,205 shares during the period.

Shares of TEI stock traded up $0.02 during mid-day trading on Monday, reaching $9.01. The company’s stock had a trading volume of 400 shares, compared to its average volume of 142,941. The company’s 50 day simple moving average is $9.15 and its 200-day simple moving average is $9.88. Templeton Emerging Markets Income Fund, Inc. has a 12-month low of $8.95 and a 12-month high of $10.58.

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Friday, October 11th.

Templeton Emerging Markets Income Fund 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.

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

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