Cambridge Investment Research Advisors Inc. Boosts Stake in Templeton Global Income Fund, Inc. (NYSE:GIM)

Cambridge Investment Research Advisors Inc. boosted its position in shares of Templeton Global Income Fund, Inc. (NYSE:GIM) by 25.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 499,345 shares of the financial services provider’s stock after buying an additional 101,759 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.37% of Templeton Global Income Fund worth $2,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIM. Saba Capital Management L.P. bought a new stake in Templeton Global Income Fund in the 1st quarter worth approximately $6,481,000. Parametric Portfolio Associates LLC increased its position in Templeton Global Income Fund by 53.0% in the first quarter. Parametric Portfolio Associates LLC now owns 2,113,790 shares of the financial services provider’s stock worth $11,309,000 after purchasing an additional 732,211 shares during the last quarter. Wells Fargo & Company MN raised its stake in Templeton Global Income Fund by 11.8% during the first quarter. Wells Fargo & Company MN now owns 2,392,231 shares of the financial services provider’s stock valued at $12,798,000 after purchasing an additional 251,709 shares in the last quarter. KCS Wealth Advisory lifted its position in Templeton Global Income Fund by 58.5% during the first quarter. KCS Wealth Advisory now owns 629,214 shares of the financial services provider’s stock valued at $3,366,000 after purchasing an additional 232,352 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Templeton Global Income Fund by 11.9% in the 1st quarter. Invesco Ltd. now owns 2,178,424 shares of the financial services provider’s stock worth $11,654,000 after buying an additional 231,940 shares in the last quarter. Institutional investors and hedge funds own 28.00% of the company’s stock.

Shares of NYSE GIM opened at $5.48 on Friday. The firm’s 50-day moving average price is $5.35 and its 200-day moving average price is $5.56. Templeton Global Income Fund, Inc. has a 12-month low of $4.30 and a 12-month high of $6.54.

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a $0.0155 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.19 annualized dividend and a yield of 3.39%. This is a positive change from Templeton Global Income Fund’s previous monthly dividend of $0.01.

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: Market Timing

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.