482,003 Shares in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Bought by Bridge Advisory LLC

Bridge Advisory LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) in the 4th quarter, Holdings Channel reports. The fund bought 482,003 shares of the investment management company’s stock, valued at approximately $2,246,000. Morgan Stanley Emerging Markets Domestic Debt Fund comprises approximately 1.1% of Bridge Advisory LLC’s portfolio, making the stock its 28th largest holding.

Other large investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 17.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,708 shares of the investment management company’s stock valued at $163,000 after buying an additional 4,843 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% during the 1st quarter. Private Advisor Group LLC now owns 141,200 shares of the investment management company’s stock worth $704,000 after purchasing an additional 3,500 shares during the period. NewEdge Advisors LLC increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.0% in the first quarter. NewEdge Advisors LLC now owns 93,100 shares of the investment management company’s stock valued at $465,000 after acquiring an additional 8,500 shares during the period. Quantedge Capital Pte Ltd increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 92.9% in the first quarter. Quantedge Capital Pte Ltd now owns 255,723 shares of the investment management company’s stock valued at $1,276,000 after acquiring an additional 123,133 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter worth approximately $254,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of EDD traded up $0.04 during mid-day trading on Tuesday, hitting $4.83. 139,783 shares of the company traded hands, compared to its average volume of 234,347. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a one year low of $4.22 and a one year high of $4.95. The business has a 50-day moving average of $4.70 and a 200 day moving average of $4.61.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.45%.

Morgan Stanley Emerging Markets Domestic Debt Fund Company 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.