Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.00 and traded as high as $5.11. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.09, with a volume of 256,889 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The stock’s 50 day moving average is $5.00 and its 200 day moving average is $4.99.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kovack Advisors Inc. purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at about $77,000. Landscape Capital Management L.L.C. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter worth approximately $66,000. Quarry LP bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter worth approximately $336,000. Wells Fargo & Company MN raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 54.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock valued at $45,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 3.8% during the fourth quarter. Wedbush Securities Inc. now owns 230,442 shares of the company’s stock valued at $1,145,000 after purchasing an additional 8,500 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.