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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.94 and traded as low as $4.81. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.88, with a volume of 121,070 shares.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 1.9 %

The stock has a fifty day simple moving average of $4.94 and a two-hundred day simple moving average of $5.13.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a $0.06 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 14.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. increased its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 148.7% during the third quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock valued at $913,000 after acquiring an additional 104,181 shares in the last quarter. Wedbush Securities Inc. increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the 2nd quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after purchasing an additional 17,977 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the third quarter worth $86,000.

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.