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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.11 and traded as high as $5.16. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.04, with a volume of 98,464 shares.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The company’s 50 day moving average price is $5.11 and its 200 day moving average price is $5.06.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 14.29%. The ex-dividend date of this dividend is Thursday, June 12th.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 49.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 260,674 shares of the company’s stock worth $1,225,000 after purchasing an additional 86,420 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $53,000. Wolverine Asset Management LLC acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth about $425,000. Raymond James Financial Inc. bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at about $331,000. Finally, One Capital Management LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at approximately $55,000.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus 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.