Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Down 0.2% – Here’s What Happened

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shares fell 0.2% during mid-day trading on Friday . The stock traded as low as $7.28 and last traded at $7.2950. 45,354 shares changed hands during trading, a decline of 51% from the average daily volume of 92,366 shares. The stock had previously closed at $7.31.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The stock has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $7.44.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. This is an increase from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 3.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 49,899 shares of the company’s stock worth $364,000 after buying an additional 1,633 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund in the second quarter valued at $34,000. Royal Bank of Canada grew its position in shares of Morgan Stanley Emerging Markets Debt Fund by 1.6% in the 1st quarter. Royal Bank of Canada now owns 452,466 shares of the company’s stock valued at $3,176,000 after acquiring an additional 7,294 shares during the period. Cetera Investment Advisers grew its position in shares of Morgan Stanley Emerging Markets Debt Fund by 61.0% in the 1st quarter. Cetera Investment Advisers now owns 18,440 shares of the company’s stock valued at $129,000 after acquiring an additional 6,990 shares during the period. Finally, Independent Financial Group LLC bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the 1st quarter valued at about $166,000.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.