First Trust Amends 13G/A for Virtus Stone Harbor EM Income Fund
Ticker: EDF · Form: SC 13G/A · Filed: Jan 17, 2024 · CIK: 1501103
| Field | Detail |
|---|---|
| Company | Virtus Stone Harbor Emerging Markets Income Fund (EDF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 17, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**First Trust still holds VSH, signaling continued institutional confidence.**
AI Summary
First Trust Portfolios L.P. and First Trust Advisors L.P. have filed an amended Schedule 13G/A for Virtus Stone Harbor Emerging Markets Income Fund (NYSE: VSH), indicating their ownership stake as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that First Trust continues to hold a significant, though not necessarily changed, passive investment in the fund. For investors, this means a major institutional player remains committed to VSH, potentially offering a vote of confidence in the fund's strategy and performance.
Why It Matters
This filing confirms First Trust's continued significant, passive ownership in Virtus Stone Harbor Emerging Markets Income Fund, which can be seen as a positive signal for current and prospective investors.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
Investors should note First Trust's continued institutional presence, which may offer a degree of stability, but this filing alone doesn't suggest a change in the fund's underlying performance or strategy.
Key Numbers
- 86164T107 — CUSIP Number (unique identifier for Virtus Stone Harbor Emerging Markets Income Fund's common stock)
- 0001184765 — First Trust Portfolios L.P. CIK (Central Index Key for the reporting entity)
- 0001501103 — Virtus Stone Harbor Emerging Markets Income Fund CIK (Central Index Key for the subject company)
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person and institutional investor
- First Trust Advisors L.P. (company) — reporting person and institutional investor
- Virtus Stone Harbor Emerging Markets Income Fund (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- First Trust will maintain its passive investment in Virtus Stone Harbor Emerging Markets Income Fund. (First Trust Portfolios L.P.) — medium confidence, target: Q4 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own 5% or more of a company's stock. The 'A' signifies it's an amendment, updating previous information, as seen in this filing for Virtus Stone Harbor Emerging Markets Income Fund.
Who are the reporting persons in this specific filing?
The reporting persons are First Trust Portfolios L.P. and First Trust Advisors L.P., as explicitly stated under 'Names of Reporting Persons' on the cover page of the filing.
What is the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The filing states the 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common class of securities of Virtus Stone Harbor Emerging Markets Income Fund is 86164T107, as listed on the cover page.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), indicated by the 'X' next to '[ X ] Rule 13d-1(b)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 17, 2024 regarding Virtus Stone Harbor Emerging Markets Income Fund (EDF).