Girard Securities Lowers stake in Templeton Global Income Fund (GIM)

Templeton Global Income Fund (GIM) : Girard Securities reduced its stake in Templeton Global Income Fund by 0.17% during the most recent quarter end. The investment management company now holds a total of 359,707 shares of Templeton Global Income Fund which is valued at $2.3 Million after selling 615 shares in Templeton Global Income Fund , the firm said in a disclosure report filed with the SEC on May 12, 2016.Templeton Global Income Fund makes up approximately 2.29% of Girard Securities’s portfolio.

Other Hedge Funds, Including , Oarsman Capital boosted its stake in GIM in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 45,450 shares of Templeton Global Income Fund which is valued at $293,607. Templeton Global Income Fund makes up approx 0.16% of Oarsman Capital’s portfolio. Tfs Capital added GIM to its portfolio by purchasing 11,821 company shares during the most recent quarter which is valued at $76,364. Templeton Global Income Fund makes up approx 0.01% of Tfs Capital’s portfolio.Cornerstone Financial Partners boosted its stake in GIM in the latest quarter, The investment management firm added 325,017 additional shares and now holds a total of 588,393 shares of Templeton Global Income Fund which is valued at $3.8 Million. Templeton Global Income Fund makes up approx 1.47% of Cornerstone Financial Partners’s portfolio.Investment Centers Of America Inc boosted its stake in GIM in the latest quarter, The investment management firm added 2,446 additional shares and now holds a total of 14,752 shares of Templeton Global Income Fund which is valued at $97,216. Templeton Global Income Fund makes up approx 0.01% of Investment Centers Of America Inc’s portfolio.

Templeton Global Income Fund opened for trading at $6.38 and hit $6.42 on the upside on Friday, eventually ending the session at $6.39, with a gain of 0.16% or 0.01 points. The heightened volatility saw the trading volume jump to 2,38,297 shares. Company has a market cap of $828 M.

Templeton Global Income Fund (the Fund) is a closed-end investment company. The Fund seeks high current income with a secondary goal of capital appreciation. Under normal market conditions the Fund invests at least 80% of its net assets in income-producing securities including debt securities of U.S. and foreign issuers including emerging markets. The Fund’s investment manager is Franklin Advisers Inc. The Fund invests in the Institutional Fiduciary Trust Money Market Portfolio (Sweep Money Fund) an open-end investment company. The Fund portfolio includes foreign government and agency securities and short term investments and other assets.

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