Raymond James Financial Inc. Takes $2.20 Million Position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Raymond James Financial Inc. bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 485,492 shares of the investment management company’s stock, valued at approximately $2,204,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GraniteShares Advisors LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at $2,493,000. Private Advisor Group LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 18.5% in the 4th quarter. Private Advisor Group LLC now owns 185,084 shares of the investment management company’s stock worth $840,000 after buying an additional 28,834 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at about $48,000. Sanctuary Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter valued at $46,000. Finally, Virtu Financial LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth approximately $72,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of EDD stock opened at $4.84 on Monday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 52 week low of $4.34 and a 52 week high of $5.20. The stock’s fifty day moving average is $4.76 and its 200-day moving average is $4.74.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.22%. The ex-dividend date of this dividend is Monday, March 31st.

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.