Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.11 and traded as low as $4.85. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.97, with a volume of 204,144 shares.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The company has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $5.27.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 14.49%. The ex-dividend date is Tuesday, November 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the third quarter worth about $86,000. J.W. Cole Advisors Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 148.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock valued at $913,000 after purchasing an additional 104,181 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the 2nd quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after purchasing an additional 17,977 shares during the period.

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.