Arlington Capital Management Inc. Sells 5,736 Shares of Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI)

Arlington Capital Management Inc. lowered its position in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,207 shares of the company’s stock after selling 5,736 shares during the period. Arlington Capital Management Inc.’s holdings in Templeton Emerging Markets Income Fund were worth $247,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TEI. Resources Investment Advisors LLC. raised its position in shares of Templeton Emerging Markets Income Fund by 21.9% in the 2nd quarter. Resources Investment Advisors LLC. now owns 889,903 shares of the company’s stock worth $9,095,000 after acquiring an additional 159,862 shares in the last quarter. McGowan Group Asset Management Inc. raised its position in shares of Templeton Emerging Markets Income Fund by 1.7% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 3,550,114 shares of the company’s stock worth $36,282,000 after acquiring an additional 58,963 shares in the last quarter. Morgan Stanley raised its position in shares of Templeton Emerging Markets Income Fund by 9.1% in the 2nd quarter. Morgan Stanley now owns 644,614 shares of the company’s stock worth $6,588,000 after acquiring an additional 53,617 shares in the last quarter. BB&T Securities LLC raised its position in shares of Templeton Emerging Markets Income Fund by 69.8% in the 2nd quarter. BB&T Securities LLC now owns 108,859 shares of the company’s stock worth $1,112,000 after acquiring an additional 44,761 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Templeton Emerging Markets Income Fund by 92.6% in the 2nd quarter. LPL Financial LLC now owns 83,961 shares of the company’s stock worth $858,000 after acquiring an additional 40,360 shares in the last quarter.

Shares of NYSE:TEI opened at $9.06 on Thursday. Templeton Emerging Markets Income Fund, Inc. has a 52-week low of $8.95 and a 52-week high of $10.58. The stock has a 50 day moving average price of $9.05 and a 200-day moving average price of $9.69.

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.054 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.65 annualized dividend and a dividend yield of 7.15%. This is a positive change from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.04.

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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