GraniteShares Advisors LLC Makes New Investment in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

GraniteShares Advisors LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 549,205 shares of the investment management company’s stock, valued at approximately $2,493,000. Morgan Stanley Emerging Markets Domestic Debt Fund comprises about 1.6% of GraniteShares Advisors LLC’s holdings, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 18.5% in the fourth quarter. Private Advisor Group LLC now owns 185,084 shares of the investment management company’s stock worth $840,000 after purchasing an additional 28,834 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth $48,000. Sanctuary Advisors LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $46,000. Virtu Financial LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $72,000. Finally, Jane Street Group LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $130,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $4.84 on Wednesday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a twelve month low of $4.34 and a twelve month high of $5.20. The company’s fifty day moving average is $4.61 and its 200 day moving average is $4.76.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a $0.16 dividend. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 13.22%.

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.