Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Below 50-Day Moving Average of $5.00

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.00 and traded as low as $5.00. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.01, with a volume of 71,995 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Trading Down 0.2 %

The company has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $4.49.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.37%. The ex-dividend date is Thursday, June 13th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EDF. NewEdge Advisors LLC lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 189,441 shares of the company’s stock valued at $1,237,000 after purchasing an additional 3,012 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 14.7% in the first quarter. Advisory Services Network LLC now owns 29,796 shares of the company’s stock valued at $195,000 after purchasing an additional 3,812 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.3% in the first quarter. Bank of America Corp DE now owns 62,977 shares of the company’s stock valued at $411,000 after purchasing an additional 4,827 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 29.1% in the second quarter. LPL Financial LLC now owns 141,430 shares of the company’s stock valued at $622,000 after purchasing an additional 31,874 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.3% in the fourth quarter. Morgan Stanley now owns 1,135,314 shares of the company’s stock valued at $4,723,000 after purchasing an additional 96,187 shares in the last quarter.

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.