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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.97 and traded as low as $4.82. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.86, with a volume of 83,065 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.2 %

The firm has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $5.16.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 14.81%.

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

Several large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth $86,000. J.W. Cole Advisors Inc. lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 223.4% during the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock worth $369,000 after purchasing an additional 48,408 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the 2nd 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 period.

About Virtus Stone Harbor Emerging Markets Income Fund

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.