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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.11 and traded as low as $4.85. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.97, with a volume of 204,144 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 0.8 %

The stock has a fifty day simple moving average of $5.09 and a two-hundred day simple moving average of $5.26.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 14.37%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in EDF. Wedbush Securities Inc. boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the 2nd quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock worth $1,171,000 after purchasing an additional 17,977 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 223.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock worth $369,000 after purchasing an additional 48,408 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at about $86,000.

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.