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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.57 and traded as low as $5.55. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5850, with a volume of 260,689 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 0.4%

The company’s fifty day simple moving average is $5.61 and its 200 day simple moving average is $5.57.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 10.0%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, March 31st.

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

Several institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% during the fourth quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock valued at $19,131,000 after purchasing an additional 64,943 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 5.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,177,402 shares of the investment management company’s stock valued at $11,823,000 after purchasing an additional 104,818 shares during the last quarter. Bank of America Corp DE lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% during the third quarter. Bank of America Corp DE now owns 1,811,414 shares of the investment management company’s stock valued at $9,745,000 after purchasing an additional 26,889 shares during the last quarter. Invesco Ltd. lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% during the fourth quarter. Invesco Ltd. now owns 1,206,318 shares of the investment management company’s stock valued at $6,550,000 after purchasing an additional 10,893 shares during the last quarter. Finally, Rareview Capital LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% during the fourth quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock valued at $3,666,000 after purchasing an additional 68,628 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.