Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.08 and traded as high as $5.15. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.07, with a volume of 124,197 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 0.2 %

The firm has a fifty day simple moving average of $4.98 and a 200-day simple moving average of $5.08.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 annualized dividend and a yield of 14.20%.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Large investors have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. boosted its stake in 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 period. Wolverine Asset Management LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter valued at about $425,000. Raymond James Financial Inc. acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $331,000. Arlington Capital Management Inc. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $143,000. Finally, Naviter Wealth LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at approximately $87,000.

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.