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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.94 and traded as low as $4.81. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.88, with a volume of 121,070 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 1.9 %

The business’s fifty day simple moving average is $4.94 and its 200 day simple moving average is $5.13.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 14.75%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at $86,000. Wedbush Securities Inc. boosted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after acquiring an additional 17,977 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Virtus Stone Harbor Emerging Markets Income Fund by 223.4% in the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock worth $369,000 after purchasing an additional 48,408 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.