Morgan Stanley Smith Barney LLC recently announced the acquisition of new stake in Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF). The institutional investor has increased its shareholding in the Financial company by 8.15% to 1.03 million shares with purchase of 77884.0 shares. This fresh investment now brings its stake to 6.06% valued currently at $4.3 million. In addition, LPL Financial LLC raised its holdings by 8867.0 to 0.15 million shares. And Dynamic Advisor Solutions LLC has lifted its position by 8.61% or 9300.0 shares – to 0.12 million shares.
With over 0.13 million Virtus Stone Harbor Emerging Markets Income Fund (EDF) shares trading Monday and a closing price of $5.25 on the day, the dollar volume was approximately $0.68 million. The shares have shown a positive half year performance of 19.59% and its price on 01/23/23 gained nearly 0.38%. Currently, there are 17.06M common shares owned by the public and among those 16.93M shares have been available to trade.
Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 43,615 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
However, the script later moved the day high at 5.50, up 0.38%. The company’s stock has a 5-day price change of 7.14% and 50.43% over the past three months. EDF shares are trading 26.20% year to date (YTD), with the 12-month market performance down to -16.53% lower. It has a 12-month low price of $3.40 and touched a high of $6.90 over the same period. EDF has an average intraday trading volume of 76.99K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.11%, 24.06%, and 14.46% respectively.
Institutional ownership of Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) shares accounts for 19.87% of the company’s 17.06M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 1.15% and — respectively.
It has a market capitalization of $89.55M. The stock’s trailing 12-month PE ratio is 65.62, while the earnings-per-share (ttm) stands at $0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.07% over the week and 3.45% over the month.