E&G Advisors LP boosted its position in Morgan Stanley Emerging Markets Domestic (NYSE:EDD) by 8.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 73,000 shares of the investment management company’s stock after buying an additional 5,500 shares during the period. E&G Advisors LP’s holdings in Morgan Stanley Emerging Markets Domestic were worth $579,000 at the end of the most recent reporting period.
Morgan Stanley Emerging Markets Domestic (NYSE EDD) opened at 8.03 on Friday. Morgan Stanley Emerging Markets Domestic has a 1-year low of $6.94 and a 1-year high of $8.49. The firm’s 50-day moving average price is $8.10 and its 200-day moving average price is $7.89.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.16 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.97%.
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About Morgan Stanley Emerging Markets Domestic
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. Its secondary investment objective is of long-term capital appreciation. The Fund invests approximately 80% of its managed assets in emerging markets domestic debt.
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