Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Passes Above Fifty Day Moving Average of $4.78

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.78 and traded as high as $5.02. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.00, with a volume of 236,395 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.4 %

The firm’s 50-day moving average price is $4.78 and its 200 day moving average price is $4.72.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date was Friday, June 28th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock worth $39,000 after buying an additional 6,615 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,687,281 shares of the investment management company’s stock worth $12,616,000 after acquiring an additional 237,111 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 124,000 shares of the investment management company’s stock worth $565,000 after acquiring an additional 11,000 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% in the 2nd quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock worth $389,000 after acquiring an additional 10,116 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at about $71,000.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.