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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.44 and traded as low as $5.27. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.2820, with a volume of 333,581 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The firm’s 50-day simple moving average is $5.44 and its 200 day simple moving average is $5.17.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eclectic Associates Inc. ADV lifted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.9% during the 2nd quarter. Eclectic Associates Inc. ADV now owns 127,002 shares of the company’s stock valued at $709,000 after acquiring an additional 3,524 shares during the period. CoreCap Advisors LLC increased its stake 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 purchasing an additional 55,777 shares in the last quarter. Independent Financial Group LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the first quarter worth $71,000. Arlington Capital Management Inc. raised its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 9.1% during the first quarter. Arlington Capital Management Inc. now owns 32,686 shares of the company’s stock worth $156,000 after purchasing an additional 2,714 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Virtus Stone Harbor Emerging Markets Income Fund by 21.6% during the first quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock worth $659,000 after purchasing an additional 24,453 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.