Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Shares Sold by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. cut its stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,504,540 shares of the investment management company’s stock after selling 13,193 shares during the quarter. Morgan Stanley Emerging Markets Domestic Debt Fund comprises approximately 6.4% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 4th biggest position. Alexander Randolph Advisory Inc.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $6,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. StoneX Group Inc. purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter valued at about $712,000. Accuvest Global Advisors acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth approximately $355,000. PenderFund Capital Management Ltd. increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 2.0% during the fourth quarter. PenderFund Capital Management Ltd. now owns 987,746 shares of the investment management company’s stock worth $4,603,000 after buying an additional 19,828 shares during the period. Bulldog Investors LLP increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 6.1% during the fourth quarter. Bulldog Investors LLP now owns 162,390 shares of the investment management company’s stock worth $757,000 after buying an additional 9,380 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 98,466 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 3,837 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE:EDD opened at $4.91 on Thursday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12-month low of $4.22 and a 12-month high of $5.06. The stock’s 50 day simple moving average is $4.87 and its 200-day simple moving average is $4.75.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 11.00%.

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.