Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Breaks Below Fifty Day Moving Average – What’s Next?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $5.16 and traded as low as $4.78. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.8250, with a volume of 92,683 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 5.0%

The company’s 50 day moving average price is $5.13 and its 200 day moving average price is $5.23.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 16.3%.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDF. Independent Financial Group LLC acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the first quarter worth $71,000. Tactive Advisors LLC acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the first quarter worth $73,000. Focus Financial Network Inc. purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the third quarter worth $76,000. Madison Wealth Partners Inc purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the second quarter worth $89,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the second quarter worth $97,000.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol EDF. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations.

The fund’s portfolio may include bonds and other fixed-income instruments denominated in U.S. dollars and local currencies.