Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $5.03 and traded as low as $4.35. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.38, with a volume of 116,364 shares.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 0.9%

The firm’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $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, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 16.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Independent Financial Group LLC bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the first quarter worth $71,000. Focus Financial Network Inc. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at $76,000. Madison Wealth Partners Inc acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 2nd quarter valued at $89,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 2nd quarter valued at $97,000. Finally, Ameritas Advisory Services LLC increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 93.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock valued at $117,000 after purchasing an additional 10,184 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol EDF. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations.

The fund’s portfolio may include bonds and other fixed-income instruments denominated in U.S. dollars and local currencies.