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

Shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.43 and traded as low as $5.14. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.19, with a volume of 65,568 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Trading Down 1.1%

The company’s 50-day simple moving average is $5.43 and its two-hundred day simple moving average is $5.19.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. boosted its position in Virtus Stone Harbor Emerging Markets Income Fund by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 80,315 shares of the company’s stock valued at $406,000 after acquiring an additional 4,375 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 2nd quarter worth approximately $80,000. One Capital Management LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter worth approximately $53,000. Arlington Capital Management Inc. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter worth approximately $163,000. Finally, Moors & Cabot Inc. lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.5% in the 3rd quarter. Moors & Cabot Inc. now owns 117,475 shares of the company’s stock valued at $593,000 after purchasing an additional 10,150 shares during the period.

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.