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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.41 and traded as low as $5.18. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.1950, with a volume of 155,371 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Trading Down 0.3%

The firm’s 50-day moving average is $5.41 and its 200 day moving average is $5.20.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.9%.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several institutional investors have recently modified their holdings of the business. Absolute Investment Advisers LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter valued at $1,771,000. Wedbush Securities Inc. grew its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.8% in the 4th quarter. Wedbush Securities Inc. now owns 230,442 shares of the company’s stock valued at $1,145,000 after buying an additional 8,500 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 21.6% in the first quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock valued at $659,000 after buying an additional 24,453 shares during the period. Eclectic Associates Inc. ADV increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.9% in the second quarter. Eclectic Associates Inc. ADV now owns 127,002 shares of the company’s stock valued at $709,000 after buying an additional 3,524 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.5% during the third quarter. Moors & Cabot Inc. now owns 117,475 shares of the company’s stock worth $593,000 after acquiring an additional 10,150 shares during the last quarter.

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.