Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Up 0.3% – Here’s What Happened

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) rose 0.3% during trading on Monday . The stock traded as high as $7.33 and last traded at $7.31. 41,488 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 42,417 shares. The stock had previously closed at $7.29.

Morgan Stanley Emerging Markets Debt Fund Stock Up 0.3%

The business has a fifty day moving average of $7.30 and a 200 day moving average of $7.38.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. This is an increase from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

A number of large investors have recently bought and sold shares of MSD. Fifth Third Bancorp bought a new position in Morgan Stanley Emerging Markets Debt Fund during the first quarter valued at about $28,000. Global Retirement Partners LLC bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter worth about $33,000. Noble Wealth Management PBC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at about $34,000. 49 Wealth Management LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at about $81,000. Finally, Millennium Management LLC bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the 4th quarter valued at approximately $83,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.