Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.41 and traded as low as $5.18. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.1950, with a volume of 155,371 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.6%

The company has a 50-day simple moving average of $5.40 and a two-hundred day simple moving average of $5.21.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company 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 is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.7%.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several hedge funds have recently bought and sold shares of EDF. CoreCap Advisors LLC grew 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 worth $450,000 after buying an additional 55,777 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter valued at approximately $71,000. Arlington Capital Management Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 9.1% during the 1st quarter. Arlington Capital Management Inc. now owns 32,686 shares of the company’s stock valued at $156,000 after acquiring an additional 2,714 shares in the last quarter. Kestra Advisory Services LLC raised its stake in 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 valued at $659,000 after acquiring an additional 24,453 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 1st quarter worth $190,000.

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.