Rareview Capital LLC Grows Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD

Rareview Capital LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,048,147 shares of the investment management company’s stock after buying an additional 89,374 shares during the quarter. Morgan Stanley Emerging Markets Domestic Debt Fund accounts for approximately 3.1% of Rareview Capital LLC’s investment portfolio, making the stock its 6th largest position. Rareview Capital LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $6,163,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EDD. Global Retirement Partners LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at $50,000. US Bancorp DE acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter worth $54,000. Opinicus Capital Inc. bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter worth $51,000. Noble Wealth Management PBC grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 580.0% in the second quarter. Noble Wealth Management PBC now owns 17,000 shares of the investment management company’s stock worth $100,000 after purchasing an additional 14,500 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at $101,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.8%

Shares of NYSE:EDD opened at $5.91 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12-month low of $4.96 and a 12-month high of $6.18. The business has a fifty day simple moving average of $5.87 and a 200 day simple moving average of $5.68.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.96 annualized dividend and a dividend yield of 16.3%.

About Morgan Stanley Emerging Markets Domestic Debt Fund

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.