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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDFGet Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.43 and traded as low as $5.14. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.19, with a volume of 65,568 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The firm has a 50 day moving average of $5.42 and a 200-day moving average of $5.19.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Eclectic Associates Inc. ADV lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 2.9% in the second quarter. Eclectic Associates Inc. ADV now owns 127,002 shares of the company’s stock worth $709,000 after purchasing an additional 3,524 shares during the period. 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 valued at $450,000 after buying an additional 55,777 shares during the period. Independent Financial Group LLC acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter valued at $71,000. Arlington Capital Management Inc. raised its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.1% in the 1st quarter. Arlington Capital Management Inc. now owns 32,686 shares of the company’s stock valued at $156,000 after buying an additional 2,714 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 21.6% during the 1st quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock worth $659,000 after acquiring an additional 24,453 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.

Further Reading

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