Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Crosses Above 50-Day Moving Average – Here’s Why

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.22 and traded as high as $5.28. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.28, with a volume of 57,714 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The firm has a 50-day moving average of $5.22 and a 200 day moving average of $5.32.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 13.65%. The ex-dividend date is Tuesday, November 12th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several institutional investors have recently bought and sold shares of EDF. J.W. Cole Advisors Inc. raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 223.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock valued at $369,000 after purchasing an additional 48,408 shares during the last quarter. Wedbush Securities Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the 2nd quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock worth $1,171,000 after buying an additional 17,977 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $167,000. Centaurus Financial Inc. bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter valued at approximately $125,000. Finally, M3 Advisory Group LLC bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $61,000.

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.