GM Advisory Group LLC Makes New $132,000 Investment in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD

GM Advisory Group LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) in the 1st quarter, HoldingsChannel reports. The fund acquired 28,060 shares of the investment management company’s stock, valued at approximately $132,000.

Several other hedge funds also recently modified their holdings of EDD. Avior Wealth Management LLC boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.8% during the 1st quarter. Avior Wealth Management LLC now owns 59,806 shares of the investment management company’s stock worth $281,000 after purchasing an additional 2,721 shares in the last quarter. Cresset Asset Management LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.5% in the 1st quarter. Cresset Asset Management LLC now owns 88,656 shares of the investment management company’s stock valued at $431,000 after buying an additional 3,004 shares in the last quarter. Comerica Bank increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 26.2% in the 4th quarter. Comerica Bank now owns 28,970 shares of the investment management company’s stock valued at $132,000 after buying an additional 6,010 shares in the last quarter. Private Advisor Group LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 4.9% during the 1st quarter. Private Advisor Group LLC now owns 194,100 shares of the investment management company’s stock worth $912,000 after buying an additional 9,016 shares during the period. Finally, Ancora Advisors LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 76.0% during the 4th quarter. Ancora Advisors LLC now owns 48,871 shares of the investment management company’s stock worth $222,000 after buying an additional 21,100 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $5.3050 on Thursday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 52 week low of $4.28 and a 52 week high of $5.42. The stock has a 50 day moving average price of $5.16 and a two-hundred day moving average price of $4.92.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.48 annualized dividend and a yield of 9.0%.

Morgan Stanley Emerging Markets Domestic Debt Fund 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.