Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.64 and traded as low as $4.35. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.39, with a volume of 233,333 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The firm has a 50-day simple moving average of $4.64 and a two-hundred day simple moving average of $4.79.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 14.58%.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.6% in the third quarter. Pathstone Holdings LLC now owns 4,399,132 shares of the investment management company’s stock valued at $22,174,000 after purchasing an additional 527,452 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,687,281 shares of the investment management company’s stock worth $12,616,000 after buying an additional 237,111 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter valued at approximately $9,267,000. Raymond James & Associates grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.6% in the third quarter. Raymond James & Associates now owns 898,515 shares of the investment management company’s stock worth $4,529,000 after acquiring an additional 14,311 shares during the period. Finally, Bridge Advisory LLC raised its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 2.7% in the third quarter. Bridge Advisory LLC now owns 682,472 shares of the investment management company’s stock valued at $3,440,000 after purchasing an additional 17,865 shares during the period.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.