Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $5.03 and traded as low as $4.35. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.38, with a volume of 116,364 shares.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The business has a 50 day moving average of $5.01 and a 200-day moving average of $5.20.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date of this dividend is Thursday, November 12th.

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

A number of hedge funds have recently modified their holdings of the company. Independent Financial Group LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 1st quarter worth approximately $71,000. Focus Financial Network Inc. bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the third quarter valued at approximately $76,000. Madison Wealth Partners Inc bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the second quarter valued at approximately $89,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the second quarter worth $97,000. Finally, Ameritas Advisory Services LLC grew its stake in Virtus Stone Harbor Emerging Markets Income Fund by 93.9% in the second quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock worth $117,000 after purchasing an additional 10,184 shares during the period.

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.