Whitener Capital Management Inc. Cuts Stock Position in Templeton Global Income Fund, Inc. (NYSE:GIM)

Whitener Capital Management Inc. lessened its holdings in Templeton Global Income Fund, Inc. (NYSE:GIM) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,354 shares of the financial services provider’s stock after selling 2,382 shares during the period. Whitener Capital Management Inc. owned about 0.10% of Templeton Global Income Fund worth $873,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. JNBA Financial Advisors increased its stake in Templeton Global Income Fund by 1.1% during the 2nd quarter. JNBA Financial Advisors now owns 1,374,479 shares of the financial services provider’s stock worth $8,742,000 after buying an additional 14,410 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Templeton Global Income Fund by 34.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,044,918 shares of the financial services provider’s stock worth $6,583,000 after buying an additional 267,831 shares during the period. Bank of America Corp DE increased its stake in Templeton Global Income Fund by 1.7% during the 4th quarter. Bank of America Corp DE now owns 901,302 shares of the financial services provider’s stock worth $5,435,000 after buying an additional 15,331 shares during the period. KCS Wealth Advisory increased its stake in Templeton Global Income Fund by 8.8% during the 2nd quarter. KCS Wealth Advisory now owns 545,918 shares of the financial services provider’s stock worth $3,472,000 after buying an additional 44,146 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Templeton Global Income Fund by 1.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 532,357 shares of the financial services provider’s stock worth $3,385,000 after buying an additional 5,417 shares during the period. 26.22% of the stock is currently owned by institutional investors and hedge funds.

Templeton Global Income Fund stock traded up $0.04 during midday trading on Friday, hitting $6.14. 298,300 shares of the stock were exchanged, compared to its average volume of 313,136. Templeton Global Income Fund, Inc. has a 1 year low of $5.95 and a 1 year high of $6.55. The company has a 50 day moving average price of $6.39 and a two-hundred day moving average price of $6.36.

The business 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 $0.032 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.38 annualized dividend and a dividend yield of 6.25%. This is an increase from Templeton Global Income Fund’s previous monthly dividend of $0.03.

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.

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

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