Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Price Passes Below Fifty Day Moving Average of $5.42

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.42 and traded as low as $5.40. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.46, with a volume of 115,531 shares.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The company has a fifty day moving average of $5.42 and a two-hundred day moving average of $4.94.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, July 11th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.72 annualized dividend and a yield of 13.20%.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $1,284,000. Dynamic Advisor Solutions LLC increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 131,277 shares of the company’s stock valued at $580,000 after purchasing an additional 4,598 shares during the last quarter. Shaker Financial Services LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $322,000. Arlington Capital Management Inc. increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.6% in the 1st quarter. Arlington Capital Management Inc. now owns 54,295 shares of the company’s stock valued at $294,000 after purchasing an additional 2,901 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 118.5% in the 4th quarter. Advisory Services Network LLC now owns 45,645 shares of the company’s stock valued at $197,000 after purchasing an additional 24,757 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.