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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.43 and traded as low as $5.14. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.19, with a volume of 65,568 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 1.1%

The stock’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $5.19.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Thursday, August 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EDF. Advisory Services Network LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the third quarter valued at $30,000. Wells Fargo & Company MN raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock worth $45,000 after buying an additional 3,206 shares during the last quarter. One Capital Management LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter valued at about $53,000. Landscape Capital Management L.L.C. bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at about $66,000. Finally, Independent Financial Group LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 1st quarter valued at about $71,000.

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.