Pekin Hardy Strauss Inc. Sells 11,051 Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Pekin Hardy Strauss Inc. decreased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,949 shares of the investment management company’s stock after selling 11,051 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $569,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock worth $39,000 after purchasing an additional 6,615 shares during the period. Pinkerton Retirement Specialists LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter valued at approximately $71,000. OneDigital Investment Advisors LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth approximately $164,000. Avior Wealth Management LLC lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 15.8% during the third quarter. Avior Wealth Management LLC now owns 58,813 shares of the investment management company’s stock worth $296,000 after buying an additional 8,018 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% in the second quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock valued at $389,000 after acquiring an additional 10,116 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $4.61 on Monday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 1 year low of $4.42 and a 1 year high of $5.20. The company’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $4.82.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.135 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.54 annualized dividend and a yield of 11.71%.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.