Cornerstone Financial Partners buys $5,774,182 stake in Templeton Global Income Fund (GIM)

Templeton Global Income Fund (GIM) : Cornerstone Financial Partners scooped up 318,072 additional shares in Templeton Global Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 906,465 shares of Templeton Global Income Fund which is valued at $5,774,182.Templeton Global Income Fund makes up approximately 2.01% of Cornerstone Financial Partners’s portfolio.

Other Hedge Funds, Including , Everett Harris Co Ca reduced its stake in GIM by selling 40,924 shares or 14.28% in the most recent quarter. The Hedge Fund company now holds 245,632 shares of GIM which is valued at $1,564,676. Templeton Global Income Fund makes up approx 0.05% of Everett Harris Co Ca’s portfolio.Financial Investment Management Group Ltd reduced its stake in GIM by selling 100,996 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 1,053,804 shares of GIM which is valued at $6,818,112. Templeton Global Income Fund makes up approx 1.95% of Financial Investment Management Group Ltd’s portfolio.Rock Point Advisors reduced its stake in GIM by selling 650 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 81,611 shares of GIM which is valued at $528,023. Templeton Global Income Fund makes up approx 0.27% of Rock Point Advisors’s portfolio.Kelman-lazarov boosted its stake in GIM in the latest quarter, The investment management firm added 100,315 additional shares and now holds a total of 957,028 shares of Templeton Global Income Fund which is valued at $6,191,971. Templeton Global Income Fund makes up approx 3.49% of Kelman-lazarov’s portfolio.

Templeton Global Income Fund opened for trading at $6.41 and hit $6.435 on the upside on Monday, eventually ending the session at $6.4, with a gain of 0.16% or 0.01 points. The heightened volatility saw the trading volume jump to 3,65,301 shares. Company has a market cap of $829 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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