Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.77 and traded as low as $4.66. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.69, with a volume of 213,013 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.8 %

The stock’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $4.77.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.66%. The ex-dividend date was Friday, December 13th. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 6,615 shares during the period. Bridge Advisory LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 2.7% during the third quarter. Bridge Advisory LLC now owns 682,472 shares of the investment management company’s stock valued at $3,440,000 after purchasing an additional 17,865 shares in the last quarter. Raymond James & Associates lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.6% in the third quarter. Raymond James & Associates now owns 898,515 shares of the investment management company’s stock valued at $4,529,000 after acquiring an additional 14,311 shares in the last quarter. Private Advisor Group LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% in the 3rd quarter. Private Advisor Group LLC now owns 156,250 shares of the investment management company’s stock worth $788,000 after purchasing an additional 5,200 shares during the period. Finally, Shaker Financial Services LLC increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 58.8% in the 3rd quarter. Shaker Financial Services LLC now owns 231,346 shares of the investment management company’s stock valued at $1,197,000 after acquiring an additional 85,674 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company 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.