Templeton Emerging Markets Income Fund, Inc. (TEI) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

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Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,410 shares of the company’s stock after buying an additional 6,453 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Templeton Emerging Markets Income Fund were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Ancora Advisors LLC raised its stake in Templeton Emerging Markets Income Fund by 536.9% in the 3rd quarter. Ancora Advisors LLC now owns 533,528 shares of the company’s stock valued at $5,335,000 after purchasing an additional 449,762 shares during the last quarter. McGowan Group Asset Management Inc. acquired a new position in Templeton Emerging Markets Income Fund in the 3rd quarter valued at $2,559,000. NINE MASTS CAPITAL Ltd acquired a new position in Templeton Emerging Markets Income Fund in the 3rd quarter valued at $1,420,000. Morgan Stanley raised its stake in Templeton Emerging Markets Income Fund by 20.6% in the 3rd quarter. Morgan Stanley now owns 800,666 shares of the company’s stock valued at $8,007,000 after purchasing an additional 137,032 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Templeton Emerging Markets Income Fund by 137.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 118,681 shares of the company’s stock valued at $1,142,000 after purchasing an additional 68,721 shares during the last quarter.

NYSE TEI opened at $10.44 on Friday. Templeton Emerging Markets Income Fund, Inc. has a one year low of $8.96 and a one year high of $11.76.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.05%. The ex-dividend date is Thursday, March 14th.

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Templeton Emerging Markets Income Fund Company 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.

See Also: Insider Trading

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

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