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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.08 and traded as low as $5.02. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.07, with a volume of 255,931 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.2%

The company has a 50 day moving average of $5.08 and a 200 day moving average of $4.98.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a yield of 14.2%.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the second quarter valued at approximately $80,000. Raymond James Financial Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 5.8% during the second quarter. Raymond James Financial Inc. now owns 80,315 shares of the company’s stock valued at $406,000 after buying an additional 4,375 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 2.4% during the second quarter. J.W. Cole Advisors Inc. now owns 374,749 shares of the company’s stock valued at $1,892,000 after buying an additional 8,724 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 31.6% during the second quarter. Journey Strategic Wealth LLC now owns 25,000 shares of the company’s stock valued at $126,000 after buying an additional 6,000 shares in the last quarter. Finally, Next Capital Management LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the second quarter valued at approximately $50,000.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.