Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Shares Up 0.3% – Here’s Why

Shares of Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) traded up 0.3% during mid-day trading on Friday . The stock traded as high as $7.35 and last traded at $7.33. 49,684 shares traded hands during trading, a decline of 18% from the average daily volume of 60,372 shares. The stock had previously closed at $7.31.

Morgan Stanley Emerging Markets Debt Fund Stock Up 0.3%

The business’s 50 day moving average is $7.30 and its 200 day moving average is $7.42.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

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

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Morgan Stanley Emerging Markets Debt Fund by 1.6% during the first quarter. Royal Bank of Canada now owns 452,466 shares of the company’s stock valued at $3,176,000 after buying an additional 7,294 shares during the last quarter. Invesco Ltd. grew its position in shares of Morgan Stanley Emerging Markets Debt Fund by 1.7% in the 4th quarter. Invesco Ltd. now owns 333,888 shares of the company’s stock worth $2,467,000 after buying an additional 5,579 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth approximately $2,386,000. Ameriprise Financial Inc. raised its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 10.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 304,542 shares of the company’s stock worth $2,245,000 after acquiring an additional 29,630 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Morgan Stanley Emerging Markets Debt Fund by 2.4% during the fourth quarter. LPL Financial LLC now owns 296,281 shares of the company’s stock valued at $2,190,000 after acquiring an additional 6,935 shares during the last quarter.

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.