Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.22 and traded as high as $5.58. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.5640, with a volume of 236,969 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The stock’s 50 day moving average is $5.22 and its two-hundred day moving average is $5.06.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Thursday, August 13th.

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

Several large investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the third quarter valued at $30,000. Wells Fargo & Company MN increased its stake in 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 valued at $45,000 after buying an additional 3,206 shares during the last quarter. One Capital Management LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at $53,000. Landscape Capital Management L.L.C. acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $66,000. Finally, Independent Financial Group LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter valued at $71,000.

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.