Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Pass Above 50-Day Moving Average – Time to Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.00 and traded as high as $5.11. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.09, with a volume of 256,889 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.2%

The firm has a 50 day moving average price of $5.00 and a two-hundred day moving average price of $4.99.

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

Several institutional investors have recently bought and sold shares of EDF. Kovack Advisors Inc. purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $77,000. Landscape Capital Management L.L.C. acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $66,000. Quarry LP acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $336,000. Wells Fargo & Company MN raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 54.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock valued at $45,000 after purchasing an additional 3,206 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.8% during the fourth quarter. Wedbush Securities Inc. now owns 230,442 shares of the company’s stock worth $1,145,000 after purchasing an additional 8,500 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.