HighTower Advisors LLC Has $1.25 Million Position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD

HighTower Advisors LLC reduced its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 265,978 shares of the investment management company’s stock after selling 13,365 shares during the period. HighTower Advisors LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $1,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LexAurum Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 1st quarter valued at $135,000. Comerica Bank increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 26.2% during the 4th quarter. Comerica Bank now owns 28,970 shares of the investment management company’s stock worth $132,000 after purchasing an additional 6,010 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter worth about $145,000. Ancora Advisors LLC increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 76.0% during 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 last quarter. Finally, Bulldog Investors LLP increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 340.0% during the 4th quarter. Bulldog Investors LLP now owns 55,414 shares of the investment management company’s stock worth $252,000 after purchasing an additional 42,820 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $5.3050 on Tuesday. The company’s 50-day moving average is $5.18 and its 200-day moving average is $4.93. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a fifty-two week low of $4.28 and a fifty-two week high of $5.42.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 9.0%.

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.