Pekin Hardy Strauss Inc. Reduces Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $EDD

Pekin Hardy Strauss Inc. cut its stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 75.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,115 shares of the investment management company’s stock after selling 118,293 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $205,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% during the first quarter. Royal Bank of Canada now owns 184,201 shares of the investment management company’s stock worth $866,000 after purchasing an additional 3,503 shares in the last quarter. NewEdge Advisors LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.3% during the 1st quarter. NewEdge Advisors LLC now owns 50,392 shares of the investment management company’s stock worth $237,000 after buying an additional 3,442 shares during the last quarter. Shaker Financial Services LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 152.5% during the second quarter. Shaker Financial Services LLC now owns 228,932 shares of the investment management company’s stock worth $1,200,000 after buying an additional 138,283 shares during the period. Penserra Capital Management LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.0% during the second quarter. Penserra Capital Management LLC now owns 1,767,917 shares of the investment management company’s stock worth $9,051,000 after buying an additional 52,258 shares during the period. Finally, Nwam LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at approximately $75,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

EDD stock opened at $6.07 on Friday. The business has a 50 day simple moving average of $5.77 and a 200-day simple moving average of $5.52. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a twelve month low of $4.28 and a twelve month high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12.

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.