Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 0.3%

The business’s fifty day moving average price is $5.41 and its 200 day moving average price is $5.20.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

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

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A number of hedge funds have recently added to or reduced their stakes in EDF. Absolute Investment Advisers LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $1,771,000. Eclectic Associates Inc. ADV bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth $379,000. Quarry LP bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth $336,000. CoreCap Advisors LLC increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 223.7% in the 2nd quarter. CoreCap Advisors LLC now owns 80,716 shares of the company’s stock worth $450,000 after purchasing an additional 55,777 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth about $190,000.

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.