Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.44 and traded as low as $5.27. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.2820, with a volume of 333,581 shares.

Virtus Stone Harbor Emerging Markets Income Fund Trading Down 2.4%

The company has a fifty day moving average of $5.44 and a two-hundred day moving average of $5.17.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 13.6%.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the third quarter valued at about $30,000. Wells Fargo & Company MN raised its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock worth $45,000 after buying an additional 3,206 shares in the last quarter. One Capital Management LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth approximately $53,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at approximately $66,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter valued at approximately $71,000.

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.