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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.05 and traded as low as $5.01. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.0150, with a volume of 143,692 shares trading hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 0.5%

The business’s fifty day simple moving average is $5.05 and its 200-day simple moving average is $4.99.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date is Monday, May 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EDF. One Capital Management LLC increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 19.3% during the fourth quarter. One Capital Management LLC now owns 12,446 shares of the company’s stock worth $62,000 after acquiring an additional 2,011 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 96,153 shares of the company’s stock valued at $486,000 after purchasing an additional 2,108 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.4% in the 3rd quarter. Raymond James Financial Inc. now owns 83,022 shares of the company’s stock worth $419,000 after purchasing an additional 2,707 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock worth $45,000 after purchasing an additional 3,206 shares during the period. Finally, Susquehanna International Group LLP increased its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 18.9% during the 3rd quarter. Susquehanna International Group LLP now owns 21,820 shares of the company’s stock valued at $110,000 after purchasing an additional 3,475 shares during the last quarter.

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.