Girard Securities Lowers stake in Templeton Emerging Markets Income Fund (TEI)

Templeton Emerging Markets Income Fund (TEI) : Girard Securities reduced its stake in Templeton Emerging Markets Income Fund by 11.87% during the most recent quarter end. The investment management company now holds a total of 113,073 shares of Templeton Emerging Markets Income Fund which is valued at $1.2 Million after selling 15,224 shares in Templeton Emerging Markets Income Fund , the firm said in a disclosure report filed with the SEC on May 12, 2016.Templeton Emerging Markets Income Fund makes up approximately 1.16% of Girard Securities’s portfolio.

Other Hedge Funds, Including , Bb&t Securities added TEI to its portfolio by purchasing 15,047 company shares during the most recent quarter which is valued at $156,940. Evercore Wealth Management sold out all of its stake in TEI during the most recent quarter. The investment firm sold 2,200 shares of TEI which is valued $22,858. Moisand Fitzgerald Tamayo sold out all of its stake in TEI during the most recent quarter. The investment firm sold 270 shares of TEI which is valued $2,846. Whittier Trust Co Of Nevada Inc sold out all of its stake in TEI during the most recent quarter. The investment firm sold 295 shares of TEI which is valued $3,109.

Templeton Emerging Markets Income Fund opened for trading at $10.35 and hit $10.38 on the upside on Friday, eventually ending the session at $10.37, with a gain of 0.88% or 0.09 points. The heightened volatility saw the trading volume jump to 81,156 shares. Company has a market cap of $487 M.

Templeton Emerging Markets Income Fund is a closed-ended management investment company. It provides asset management services. The Fund seeks high current income with a secondary goal of capital appreciation by investing normally at least 80% of its total net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries. It invests in bonds from emerging markets around the world to generate income for the Fund seeking opportunities while monitoring changes in interest rates currency exchange rates and credit risk. Its investments include companies located in Brazil Hungary Ukraine Vietnam India Indonesia and Sri Lanka among others. Franklin Advisers Inc. is the company’s investment advisor.

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