Guggenheim Capital LLC Boosts Stake in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI)

Guggenheim Capital LLC boosted its stake in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 137.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,993 shares of the company’s stock after buying an additional 22,016 shares during the quarter. Guggenheim Capital LLC owned approximately 0.08% of Templeton Emerging Markets Income Fund worth $424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEI. Kelman Lazarov Inc. raised its position in Templeton Emerging Markets Income Fund by 21.6% in the 4th quarter. Kelman Lazarov Inc. now owns 209,273 shares of the company’s stock valued at $2,338,000 after buying an additional 37,191 shares during the last quarter. SMH Capital Advisors Inc. purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 4th quarter valued at $134,000. Citadel Advisors LLC purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 4th quarter valued at $300,000. Capital Analysts LLC purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 4th quarter valued at $663,000. Finally, MML Investors Services LLC increased its position in shares of Templeton Emerging Markets Income Fund by 31.0% during the 4th quarter. MML Investors Services LLC now owns 35,535 shares of the company’s stock valued at $397,000 after purchasing an additional 8,411 shares during the last quarter.

Shares of Templeton Emerging Markets Income Fund traded up $0.15, hitting $10.87, during trading hours on Wednesday, Marketbeat reports. 57,300 shares of the company’s stock traded hands, compared to its average volume of 182,334. Templeton Emerging Markets Income Fund, Inc. has a 12-month low of $10.42 and a 12-month high of $10.91.

In other Templeton Emerging Markets Income Fund news, major shareholder Saba Capital Management, L.P. bought 20,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of $11.75 per share, with a total value of $235,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bates Ann Torre purchased 4,425 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The shares were purchased at an average price of $11.33 per share, with a total value of $50,135.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 193,027 shares of company stock valued at $2,226,128.

About Templeton Emerging Markets Income Fund

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.

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

Receive News & Ratings for Templeton Emerging Markets Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Templeton Emerging Markets Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply