Alexander Randolph Advisory Inc. Takes $7.09 Million Position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Alexander Randolph Advisory Inc. purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 accounts for approximately 6.4% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 4th largest holding.

Other large investors also recently modified their holdings of the company. Almitas Capital LLC increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 68.3% during the third quarter. Almitas Capital LLC now owns 548,796 shares of the investment management company’s stock valued at $2,338,000 after purchasing an additional 222,674 shares during the period. Bridge Advisory LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth about $2,246,000. Raymond James & Associates grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 33.2% during the fourth quarter. Raymond James & Associates now owns 1,498,408 shares of the investment management company’s stock worth $6,983,000 after acquiring an additional 373,157 shares during the period. HighTower Advisors LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 27.0% during the third quarter. HighTower Advisors LLC now owns 312,444 shares of the investment management company’s stock worth $1,327,000 after acquiring an additional 66,339 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 157.4% during the third quarter. Evergreen Capital Management LLC now owns 616,129 shares of the investment management company’s stock worth $2,680,000 after acquiring an additional 376,720 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE:EDD traded up $0.03 during mid-day trading on Friday, reaching $4.53. 163,259 shares of the stock were exchanged, compared to its average volume of 230,143. The business has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.63. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 1-year low of $4.22 and a 1-year high of $4.95.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

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

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.