Northwestern Mutual Wealth Management Co. Purchases 6,615 Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Northwestern Mutual Wealth Management Co. grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 330.8% in the second quarter, Holdings Channel.com reports. The fund owned 8,615 shares of the investment management company’s stock after buying an additional 6,615 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Evergreen Capital Management LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in 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 buying an additional 237,111 shares in the last quarter. Matisse Capital raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 156.1% in the 1st quarter. Matisse Capital now owns 360,825 shares of the investment management company’s stock worth $1,714,000 after buying an additional 219,950 shares in the last quarter. Bridge Advisory LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 31.8% in the 1st quarter. Bridge Advisory LLC now owns 635,124 shares of the investment management company’s stock worth $3,017,000 after buying an additional 153,121 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 109.6% in the 2nd quarter. Shaker Financial Services LLC now owns 145,672 shares of the investment management company’s stock worth $684,000 after buying an additional 76,165 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter worth approximately $71,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of EDD opened at $4.95 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 1 year low of $4.24 and a 1 year high of $5.20. The stock has a 50 day simple moving average of $4.98 and a 200-day simple moving average of $4.79.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.135 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 10.91%.

Morgan Stanley Emerging Markets Domestic Debt Fund Profile

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.