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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.88 and traded as low as $4.88. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.8950, with a volume of 66,757 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.2%

The company’s 50 day moving average is $4.88 and its 200 day moving average is $4.99.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 14.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter worth about $30,000. Next Capital Management LLC purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 2nd quarter valued at about $50,000. One Capital Management LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the third quarter worth about $53,000. Jane Street Group LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the second quarter worth about $80,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 23.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 21,587 shares of the company’s stock valued at $109,000 after purchasing an additional 4,094 shares in the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.