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

Shares of Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) were up 0.3% during trading on Monday . The stock traded as high as $7.33 and last traded at $7.31. Approximately 41,488 shares traded hands during 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 Price Performance

The stock’s 50-day moving average price is $7.30 and its 200 day moving average price is $7.38.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

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

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MSD. Noble Wealth Management PBC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the second quarter worth approximately $34,000. Royal Bank of Canada grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 1.6% in the first quarter. Royal Bank of Canada now owns 452,466 shares of the company’s stock worth $3,176,000 after acquiring an additional 7,294 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth $166,000. Calamos Advisors LLC increased its position in Morgan Stanley Emerging Markets Debt Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 62,632 shares of the company’s stock worth $440,000 after acquiring an additional 7,455 shares during the period. Finally, Fifth Third Bancorp bought a new position in Morgan Stanley Emerging Markets Debt Fund during the first quarter worth $28,000.

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.