Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) passed below its 50 day moving average during trading on Thursday . The stock has a 50 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.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The firm has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $5.16.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 15.06%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. J.W. Cole Advisors Inc. increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 148.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock worth $913,000 after buying an additional 104,181 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the third quarter valued at approximately $86,000. Finally, Wedbush Securities Inc. boosted 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.

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.