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

HighTower Advisors LLC reduced its position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 1.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 279,343 shares of the investment management company’s stock after selling 5,319 shares during the period. HighTower Advisors LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth approximately $46,000. One Capital Management LLC bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth $46,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at $48,000. Virtu Financial LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at $72,000. Finally, Jane Street Group LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $130,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of NYSE EDD opened at $4.86 on Wednesday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12-month low of $4.34 and a 12-month high of $5.20. The firm’s 50-day moving average price is $4.75 and its 200-day moving average price is $4.74.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 13.17%.

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.