Alexander Randolph Advisory Inc. Purchases New Position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Alexander Randolph Advisory Inc. purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,522,231 shares of the investment management company’s stock, valued at approximately $7,094,000. Morgan Stanley Emerging Markets Domestic Debt Fund makes up approximately 6.4% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 4th largest position.

Several other institutional investors have also bought and sold shares of EDD. HB Wealth Management LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $43,000. Jump Financial LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $60,000. Fortitude Family Office LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth $61,000. Landscape Capital Management L.L.C. acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $82,000. Finally, Wolverine Asset Management LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 671.3% in the third quarter. Wolverine Asset Management LLC now owns 30,389 shares of the investment management company’s stock worth $129,000 after purchasing an additional 26,449 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Morgan Stanley Emerging Markets Domestic Debt Fund stock traded up $0.03 on Friday, reaching $4.53. The company’s stock had a trading volume of 163,259 shares, compared to its average volume of 230,143. The business’s fifty day moving average price is $4.67 and its 200 day moving average price is $4.63. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a twelve month low of $4.22 and a twelve month high of $4.95.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend was Wednesday, March 27th.

Morgan Stanley Emerging Markets Domestic Debt Fund Profile

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.