Fiera Capital Corp Boosts Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD

Fiera Capital Corp raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 23.3% during the fourth quarter, HoldingsChannel reports. The fund owned 513,930 shares of the investment management company’s stock after acquiring an additional 96,967 shares during the quarter. Fiera Capital Corp’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $2,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EDD. Closed End Fund Advisors Inc. purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth about $259,000. Global Retirement Partners LLC bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $50,000. Nwam LLC lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 104.0% in the fourth quarter. Nwam LLC now owns 29,036 shares of the investment management company’s stock worth $170,000 after purchasing an additional 14,800 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at approximately $256,000. Finally, Rareview Capital LLC boosted its position in shares of 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 buying an additional 68,628 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.6%

EDD opened at $5.43 on Wednesday. The stock’s 50 day moving average price is $5.47 and its 200-day moving average price is $5.61. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a one year low of $4.96 and a one year high of $6.18.

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 given a $0.14 dividend. 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. This represents a $0.56 annualized dividend and a yield of 10.3%.

Morgan Stanley Emerging Markets Domestic Debt Fund 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.