Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Falls 0.5% – Should You Sell?

Shares of Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) fell 0.5% during mid-day trading on Monday. The stock traded as low as $6.65 and last traded at $6.7040. 107,795 shares were traded during trading, an increase of 6% from the average session volume of 101,507 shares. The stock had previously closed at $6.74.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The business’s fifty day moving average is $7.05 and its 200-day moving average is $7.22.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.1450 per share. This is a negative change from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.58 annualized dividend and a yield of 8.7%.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

A number of institutional investors have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its holdings in Morgan Stanley Emerging Markets Debt Fund by 3.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 49,899 shares of the company’s stock worth $364,000 after buying an additional 1,633 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 21.6% during the first quarter. Private Advisor Group LLC now owns 12,651 shares of the company’s stock valued at $89,000 after purchasing an additional 2,246 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth $28,000. Wealthstar Advisors LLC lifted its position in shares of Morgan Stanley Emerging Markets Debt Fund by 5.4% in the first quarter. Wealthstar Advisors LLC now owns 82,886 shares of the company’s stock worth $582,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at $34,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE: MSD) is a closed-end investment fund that seeks to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries.

Its portfolio may include sovereign and corporate bonds, loans and other fixed-income instruments denominated in local currencies or major international currencies.