Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDFGet Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.22 and traded as high as $5.58. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.5640, with a volume of 236,969 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.6%

The firm has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.06.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A number of hedge funds have recently modified their holdings of the business. Absolute Investment Advisers LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $1,771,000. Wedbush Securities Inc. raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.8% during the fourth quarter. Wedbush Securities Inc. now owns 230,442 shares of the company’s stock worth $1,145,000 after purchasing an additional 8,500 shares during the period. Kestra Advisory Services LLC raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 21.6% during the first quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock worth $659,000 after purchasing an additional 24,453 shares during the period. Moors & Cabot Inc. raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.5% during the third quarter. Moors & Cabot Inc. now owns 117,475 shares of the company’s stock worth $593,000 after purchasing an additional 10,150 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.4% during the third quarter. Raymond James Financial Inc. now owns 83,022 shares of the company’s stock worth $419,000 after purchasing an additional 2,707 shares during the period.

About Virtus Stone Harbor Emerging Markets Income Fund

(Get Free Report)

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.

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