Evergreen Capital Management LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,181 shares of the investment management company's stock after acquiring an additional 20,401 shares during the quarter. Evergreen Capital Management LLC's holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $584,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Saba Capital Management L.P. acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter valued at $5,736,000. Bank of America Corp DE increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 4,445,626 shares of the investment management company's stock valued at $22,183,000 after purchasing an additional 475,934 shares during the last quarter. Bulldog Investors LLP acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at $1,413,000. Citadel Advisors LLC increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 680.4% in the second quarter. Citadel Advisors LLC now owns 224,416 shares of the investment management company's stock valued at $1,008,000 after purchasing an additional 195,660 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 51.9% in the third quarter. Boothbay Fund Management LLC now owns 478,122 shares of the investment management company's stock valued at $1,922,000 after purchasing an additional 163,334 shares during the last quarter.
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Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.2 %
Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $4.55 on Friday. The stock has a fifty day moving average price of $4.53 and a 200 day moving average price of $4.36. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 52 week low of $3.84 and a 52 week high of $5.02.
Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 16th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, December 15th. This represents a $0.28 annualized dividend and a yield of 6.15%.
Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a non-diversified, closed-end management investment company. The company's primary objective is to seek a high level of current income. It also has a secondary investment objective of long-term capital appreciation. The company was founded on January 25, 2007 and is headquartered in New York, NY.
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