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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.78 and traded as low as $4.44. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.48, with a volume of 135,475 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.2 %

The company has a 50 day moving average of $4.60 and a 200 day moving average of $4.78.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 14.29%.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Several institutional investors and hedge funds have recently modified their holdings of EDD. 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 valued at $39,000 after purchasing an additional 6,615 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth $46,000. Pinkerton Retirement Specialists LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter valued at $71,000. Virtu Financial LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $72,000. Finally, Jane Street Group LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $130,000.

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.