Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) Shares Up 14.5%

Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) shares shot up 14.5% during trading on Wednesday . The stock traded as high as $6.50 and last traded at $7.11, 6,933 shares were traded during trading. A decline of 97% from the average session volume of 208,163 shares. The stock had previously closed at $6.21.

The firm’s fifty day simple moving average is $11.04 and its 200 day simple moving average is $12.80.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 20th will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 25.00%. The ex-dividend date of this dividend is Friday, April 17th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDF. Stifel Financial Corp bought a new position in shares of Stone Harbor Emerging Markets Income Fnd during the 3rd quarter valued at about $168,000. Signet Financial Management LLC boosted its holdings in shares of Stone Harbor Emerging Markets Income Fnd by 4.3% during the 3rd quarter. Signet Financial Management LLC now owns 21,068 shares of the company’s stock valued at $282,000 after purchasing an additional 865 shares during the last quarter. Quattro Financial Advisors LLC bought a new position in shares of Stone Harbor Emerging Markets Income Fnd during the 4th quarter valued at about $166,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of Stone Harbor Emerging Markets Income Fnd by 10.7% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 42,412 shares of the company’s stock valued at $584,000 after purchasing an additional 4,103 shares during the last quarter. Finally, National Asset Management Inc. boosted its holdings in shares of Stone Harbor Emerging Markets Income Fnd by 23.1% during the 4th quarter. National Asset Management Inc. now owns 13,850 shares of the company’s stock valued at $191,000 after purchasing an additional 2,600 shares during the last quarter.

Stone Harbor Emerging Markets Income Fnd Company Profile (NYSE:EDF)

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.

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