Rareview Capital LLC Buys 242,712 Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD

Rareview Capital LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 33.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 958,773 shares of the investment management company’s stock after purchasing an additional 242,712 shares during the period. Morgan Stanley Emerging Markets Domestic Debt Fund comprises approximately 2.9% of Rareview Capital LLC’s portfolio, making the stock its 8th largest position. Rareview Capital LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $4,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% during the first quarter. Royal Bank of Canada now owns 184,201 shares of the investment management company’s stock worth $866,000 after purchasing an additional 3,503 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.3% in the first quarter. NewEdge Advisors LLC now owns 50,392 shares of the investment management company’s stock valued at $237,000 after buying an additional 3,442 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 17.8% in the 2nd quarter. Cetera Investment Advisers now owns 21,505 shares of the investment management company’s stock valued at $110,000 after buying an additional 3,254 shares during the period. Invesco Ltd. raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 8.2% in the 2nd quarter. Invesco Ltd. now owns 1,113,124 shares of the investment management company’s stock valued at $5,699,000 after buying an additional 84,810 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 3.5% in the 2nd quarter. Cresset Asset Management LLC now owns 91,741 shares of the investment management company’s stock valued at $481,000 after buying an additional 3,085 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

EDD opened at $5.79 on Friday. The stock’s 50-day moving average price is $5.58 and its 200 day moving average price is $5.64. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12-month low of $4.96 and a 12-month high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.24 per share. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.96 annualized dividend and a dividend yield of 16.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

About Morgan Stanley Emerging Markets Domestic Debt Fund

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.