Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 22.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,408 shares of the investment management company’s stock after buying an additional 28,908 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $801,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. EP Wealth Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $53,000. Private Advisor Group LLC raised its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 4.9% in the 1st quarter. Private Advisor Group LLC now owns 194,100 shares of the investment management company’s stock worth $912,000 after purchasing an additional 9,016 shares during the period. PenderFund Capital Management Ltd. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 767.0% during the first quarter. PenderFund Capital Management Ltd. now owns 122,646 shares of the investment management company’s stock worth $576,000 after purchasing an additional 108,500 shares in the last quarter. Accredited Investor Services LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at approximately $53,000. Finally, Wolverine Asset Management LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter valued at approximately $145,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.3%

Shares of EDD stock opened at $5.32 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 1-year low of $4.28 and a 1-year high of $5.69. The stock has a 50 day simple moving average of $5.38 and a 200-day simple moving average of $5.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 9.0%.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.