Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.23 and traded as high as $5.36. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.3210, with a volume of 51,516 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.4%

The stock’s fifty day moving average is $5.23 and its 200-day moving average is $5.25.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Thursday, November 12th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. One Capital Management LLC boosted its position in Virtus Stone Harbor Emerging Markets Income Fund by 19.3% during the fourth quarter. One Capital Management LLC now owns 12,446 shares of the company’s stock worth $62,000 after purchasing an additional 2,011 shares during the period. Independent Financial Group LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the first quarter valued at approximately $71,000. Tactive Advisors LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the first quarter worth $73,000. Madison Wealth Partners Inc bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 2nd quarter worth $89,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 2nd quarter worth $97,000.

About Virtus Stone Harbor Emerging Markets Income Fund

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.