Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.22 and traded as low as $5.14. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.15, with a volume of 193,483 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The stock’s 50 day simple moving average is $5.22 and its 200-day simple moving average is $5.32.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 13.98%.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock worth $1,171,000 after acquiring an additional 17,977 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in Virtus Stone Harbor Emerging Markets Income Fund by 223.4% in the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock valued at $369,000 after acquiring an additional 48,408 shares during the period. Nomura Holdings Inc. bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at about $167,000. Finally, Centaurus Financial Inc. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter valued at approximately $125,000.

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.