Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.11 and traded as high as $5.16. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $5.04, with a volume of 98,464 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 0.8 %

The company’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $5.06.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 14.29%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Atria Wealth Solutions Inc. acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $53,000. One Capital Management LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth approximately $55,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 41.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 17,314 shares of the company’s stock worth $81,000 after acquiring an additional 5,085 shares during the period. Jane Street Group LLC purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at approximately $86,000. Finally, Naviter Wealth LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth $87,000.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.