Templeton Global Income Fund, Inc. (NYSE:GIM) Shares Sold by Walter & Keenan Financial Consulting Co. MI ADV

Walter & Keenan Financial Consulting Co. MI ADV lessened its stake in shares of Templeton Global Income Fund, Inc. (NYSE:GIM) by 68.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the financial services provider’s stock after selling 34,500 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Templeton Global Income Fund were worth $102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Legacy Bridge LLC purchased a new stake in shares of Templeton Global Income Fund during the first quarter worth about $25,000. Millennium Management LLC purchased a new stake in shares of Templeton Global Income Fund during the fourth quarter worth about $65,000. RDA Financial Network purchased a new stake in shares of Templeton Global Income Fund during the first quarter worth about $74,000. City of London Investment Management Co. Ltd. purchased a new stake in shares of Templeton Global Income Fund during the first quarter worth about $106,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Templeton Global Income Fund during the first quarter worth about $112,000. Institutional investors own 26.22% of the company’s stock.

Shares of NYSE GIM traded down $0.13 during midday trading on Wednesday, reaching $6.13. 6,722 shares of the company’s stock were exchanged, compared to its average volume of 315,951. Templeton Global Income Fund, Inc. has a 52-week low of $5.95 and a 52-week high of $6.55. The stock’s fifty day moving average price is $6.40.

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.26%. This is a positive change from Templeton Global Income Fund’s previous monthly dividend of $0.03. The ex-dividend date is Wednesday, August 14th.

Templeton Global Income Fund Company Profile

Templeton Global 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 fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.

Further Reading: Diversification For Individual Investors

Want to see what other hedge funds are holding GIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Templeton Global Income Fund, Inc. (NYSE:GIM).

Institutional Ownership by Quarter for Templeton Global Income Fund (NYSE:GIM)

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