Moors & Cabot Inc. Cuts Stock Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Moors & Cabot Inc. lowered its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 3.4% during the first quarter, HoldingsChannel.com reports. The firm owned 79,911 shares of the investment management company’s stock after selling 2,780 shares during the period. Moors & Cabot Inc.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $376,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EDD. Comerica Bank raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 26.2% during the fourth quarter. Comerica Bank now owns 28,970 shares of the investment management company’s stock worth $132,000 after purchasing an additional 6,010 shares during the period. LexAurum Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter worth $135,000. Ancora Advisors LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 76.0% in the fourth quarter. Ancora Advisors LLC now owns 48,871 shares of the investment management company’s stock worth $222,000 after acquiring an additional 21,100 shares in the last quarter. Bulldog Investors LLP increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 340.0% in the fourth quarter. Bulldog Investors LLP now owns 55,414 shares of the investment management company’s stock worth $252,000 after acquiring an additional 42,820 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.8% in the first quarter. Avior Wealth Management LLC now owns 59,806 shares of the investment management company’s stock worth $281,000 after acquiring an additional 2,721 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $5.14 on Tuesday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 52-week low of $4.28 and a 52-week high of $5.33. The firm has a fifty day moving average of $5.10 and a 200-day moving average of $4.87.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 9.3%.

Morgan Stanley Emerging Markets Domestic Debt Fund Company 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.