Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Shares Up 0.6% – Time to Buy?

Shares of Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shot up 0.6% during trading on Monday . The company traded as high as $7.64 and last traded at $7.62. 109,906 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 79,566 shares. The stock had previously closed at $7.57.

Morgan Stanley Emerging Markets Debt Fund Trading Up 0.6%

The stock’s fifty day moving average price is $7.70 and its 200-day moving average price is $7.80.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.98%.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSD. SVB Wealth LLC purchased a new position in Morgan Stanley Emerging Markets Debt Fund during the 1st quarter valued at about $31,000. Jones Financial Companies Lllp boosted its position in Morgan Stanley Emerging Markets Debt Fund by 74.8% in the 4th quarter. Jones Financial Companies Lllp now owns 10,400 shares of the company’s stock valued at $80,000 after buying an additional 4,450 shares during the period. Stifel Financial Corp purchased a new position in Morgan Stanley Emerging Markets Debt Fund in the 4th quarter valued at approximately $91,000. Round Rock Advisors LLC boosted its position in Morgan Stanley Emerging Markets Debt Fund by 51.5% in the 1st quarter. Round Rock Advisors LLC now owns 17,528 shares of the company’s stock valued at $141,000 after buying an additional 5,955 shares during the period. Finally, Private Advisor Group LLC purchased a new position in Morgan Stanley Emerging Markets Debt Fund in the 1st quarter valued at approximately $295,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income 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 primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.