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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.03 and traded as low as $4.92. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.92, with a volume of 96,707 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The firm has a 50-day moving average price of $5.03 and a 200-day moving average price of $5.02.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of EDF. Next Capital Management LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the second quarter valued at approximately $50,000. Jane Street Group LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the second quarter worth $80,000. Journey Strategic Wealth LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the first quarter valued at $96,000. Kestra Private Wealth Services LLC raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 33.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 21,992 shares of the company’s stock worth $111,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Virtus Stone Harbor Emerging Markets Income Fund by 41.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,054 shares of the company’s stock worth $116,000 after purchasing an additional 6,709 shares in the last quarter.

About Virtus Stone Harbor Emerging Markets Income Fund

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.