Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Below 50-Day Moving Average – Should You Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares 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 $5.00. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.0630, with a volume of 270,745 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 2.1%

The firm has a fifty day moving average price of $5.03 and a two-hundred day moving average price of $4.99.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Monday, May 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EDF. Absolute Investment Advisers LLC bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at about $1,771,000. Eclectic Associates Inc. ADV purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at about $379,000. Quarry LP bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth about $336,000. Arlington Capital Management Inc. purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the third quarter worth approximately $163,000. Finally, J.W. Cole Advisors Inc. increased its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.5% during the third quarter. J.W. Cole Advisors Inc. now owns 395,380 shares of the company’s stock worth $1,997,000 after acquiring an additional 20,631 shares during the period.

About Virtus Stone Harbor Emerging Markets Income Fund

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.