Tortoise Investment Management LLC Lowers Stock Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Tortoise Investment Management LLC reduced its stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 73.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,119 shares of the investment management company’s stock after selling 379,262 shares during the quarter. Tortoise Investment Management LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Jump Financial LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at approximately $60,000. Fortitude Family Office LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at $61,000. Wolverine Asset Management LLC lifted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 671.3% during the third quarter. Wolverine Asset Management LLC now owns 30,389 shares of the investment management company’s stock valued at $129,000 after buying an additional 26,449 shares during the period. Accuvest Global Advisors purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth about $355,000. Finally, Pekin Hardy Strauss Inc. raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 22.1% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 84,800 shares of the investment management company’s stock worth $395,000 after purchasing an additional 15,360 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE EDD traded down $0.06 during trading hours on Friday, hitting $4.68. The company’s stock had a trading volume of 89,584 shares, compared to its average volume of 219,246. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12 month low of $4.22 and a 12 month high of $4.95. The company’s 50 day simple moving average is $4.65 and its two-hundred day simple moving average is $4.68.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 7.69%.

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.