Bank of America Corp DE Has $7.04 Million Stock Position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Bank of America Corp DE grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,550,885 shares of the investment management company’s stock after purchasing an additional 22,307 shares during the period. Bank of America Corp DE’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $7,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EDD. Comerica Bank raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 26.2% during the fourth quarter. Comerica Bank now owns 28,970 shares of the investment management company’s stock worth $132,000 after acquiring an additional 6,010 shares during the last quarter. One Capital Management LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter valued at about $46,000. U.S. Capital Wealth Advisors LLC bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth approximately $48,000. Ancora Advisors LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 76.0% in the 4th quarter. Ancora Advisors LLC now owns 48,871 shares of the investment management company’s stock worth $222,000 after purchasing an additional 21,100 shares during the period. Finally, Independent Advisor Alliance bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at approximately $117,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.9%

Shares of EDD stock opened at $4.93 on Monday. The firm’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $4.68. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 1 year low of $4.28 and a 1 year high of $5.20.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date of this dividend was 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.