HighTower Advisors LLC Reduces Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

HighTower Advisors LLC decreased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,662 shares of the investment management company’s stock after selling 20,518 shares during the period. HighTower Advisors LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.6% during the 3rd quarter. Pathstone Holdings LLC now owns 4,399,132 shares of the investment management company’s stock worth $22,174,000 after purchasing an additional 527,452 shares during the period. Evergreen Capital Management LLC lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in the second quarter. Evergreen Capital Management LLC now owns 2,687,281 shares of the investment management company’s stock worth $12,616,000 after purchasing an additional 237,111 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at approximately $9,267,000. Raymond James & Associates grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.6% during the third quarter. Raymond James & Associates now owns 898,515 shares of the investment management company’s stock valued at $4,529,000 after buying an additional 14,311 shares during the last quarter. Finally, Bridge Advisory LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.7% in the third quarter. Bridge Advisory LLC now owns 682,472 shares of the investment management company’s stock worth $3,440,000 after buying an additional 17,865 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of EDD stock opened at $4.53 on Monday. The stock has a 50 day moving average price of $4.74 and a 200 day moving average price of $4.82. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 52-week low of $4.42 and a 52-week high of $5.20.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 14.13%. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 13th.

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.