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

Shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.88 and traded as low as $4.88. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.8950, with a volume of 66,757 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The company’s 50 day simple moving average is $4.88 and its two-hundred day simple moving average is $4.99.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 14.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. J.W. Cole Advisors Inc. increased its position in Virtus Stone Harbor Emerging Markets Income Fund by 5.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 395,380 shares of the company’s stock worth $1,997,000 after purchasing an additional 20,631 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 6.3% in the 3rd quarter. Wedbush Securities Inc. now owns 221,942 shares of the company’s stock valued at $1,121,000 after buying an additional 13,103 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 9.5% in the third quarter. Moors & Cabot Inc. now owns 117,475 shares of the company’s stock worth $593,000 after buying an additional 10,150 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 2.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 96,153 shares of the company’s stock valued at $486,000 after acquiring an additional 2,108 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 3.4% during the third quarter. Raymond James Financial Inc. now owns 83,022 shares of the company’s stock valued at $419,000 after acquiring an additional 2,707 shares in the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.