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)’s stock price crossed 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 Stock Performance

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

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.37%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at approximately $64,000. Shaker Financial Services LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at approximately $322,000. Arlington Capital Management Inc. raised its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 107.2% during the 4th quarter. Arlington Capital Management Inc. now owns 51,394 shares of the company’s stock valued at $222,000 after buying an additional 26,592 shares during the period. Raymond James & Associates purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at $45,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at $53,000.

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.