Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) EVP James E. Craige bought 5,753 shares of Stone Harbor Emerging Markets Income Fnd stock in a transaction on Wednesday, July 29th. The shares were purchased at an average cost of $6.93 per share, with a total value of $39,868.29.

Shares of Stone Harbor Emerging Markets Income Fnd stock opened at $7.03 on Friday. The business has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $8.80. Stone Harbor Emerging Markets Income Fnd has a 12 month low of $3.46 and a 12 month high of $14.48.

The company also recently announced a monthly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Monday, October 19th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, October 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.66%.

Institutional investors have recently made changes to their positions in the business. Wedbush Securities Inc. acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd during the first quarter valued at approximately $80,000. GWM Advisors LLC acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd during the first quarter valued at approximately $81,000. Advisor Group Inc. raised its holdings in shares of Stone Harbor Emerging Markets Income Fnd by 123.1% during the fourth quarter. Advisor Group Inc. now owns 7,250 shares of the company’s stock valued at $100,000 after acquiring an additional 4,000 shares during the last quarter. Kovack Advisors Inc. acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd during the first quarter valued at approximately $113,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd during the first quarter valued at approximately $129,000.

About Stone Harbor Emerging Markets Income Fnd

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.

Further Reading: Outperform Rating

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