Cambridge Investment Research Advisors Inc. Acquires Shares of 10,930 Morgan Stanley Emerging Markets Fund, Inc. (MSF)
Cambridge Investment Research Advisors Inc. acquired a new position in shares of Morgan Stanley Emerging Markets Fund, Inc. (NYSE:MSF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,930 shares of the company’s stock, valued at approximately $190,000. Cambridge Investment Research Advisors Inc. owned 0.08% of Morgan Stanley Emerging Markets Fund at the end of the most recent quarter.
Separately, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Morgan Stanley Emerging Markets Fund during the third quarter worth $569,000. Institutional investors and hedge funds own 47.37% of the company’s stock.
Morgan Stanley Emerging Markets Fund, Inc. (NYSE MSF) traded down $0.05 during trading hours on Friday, hitting $17.32. 16,503 shares of the stock traded hands, compared to its average volume of 24,818. Morgan Stanley Emerging Markets Fund, Inc. has a 1-year low of $12.67 and a 1-year high of $18.01.
In related news, major shareholder City Of London Investment Grou acquired 35,169 shares of the stock in a transaction dated Wednesday, October 4th. The stock was acquired at an average cost of $17.63 per share, for a total transaction of $620,029.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 108,437 shares of company stock valued at $1,903,785 over the last quarter.
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About Morgan Stanley Emerging Markets Fund
The Morgan Stanley Emerging Markets Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments primarily in emerging country equity securities. It invests in various sectors, such as banks; insurance; diversified telecommunication services; food and staples retailing; food products; Internet software and services; oil, gas and consumable fuels; automobiles; beverages; construction and engineering; hotels, restaurants and leisure; independent power producers and energy traders; Internet and catalog retail; machinery; pharmaceuticals, real estate management and development; textiles, apparel and luxury goods; transportation infrastructure, and wireless telecommunication services.
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