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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.03 and traded as low as $4.92. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.92, with a volume of 96,707 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The firm’s fifty day moving average price is $5.03 and its 200 day moving average price is $5.01.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 14.6%.

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

Hedge funds have recently bought and sold shares of the business. J.W. Cole Advisors Inc. increased its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 40.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 366,025 shares of the company’s stock valued at $1,852,000 after acquiring an additional 105,351 shares during the last quarter. Integrity Alliance LLC. bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter valued at $122,000. LPL Financial LLC raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 8.4% in the first quarter. LPL Financial LLC now owns 273,283 shares of the company’s stock worth $1,383,000 after purchasing an additional 21,082 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth approximately $96,000. Finally, Jane Street Group LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the second quarter worth $80,000.

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.