Sanctuary Advisors LLC Takes Position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Sanctuary Advisors LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 10,016 shares of the investment management company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% during the third quarter. Private Advisor Group LLC now owns 156,250 shares of the investment management company’s stock worth $788,000 after purchasing an additional 5,200 shares during the last quarter. Bridge Advisory LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.7% during the third quarter. Bridge Advisory LLC now owns 682,472 shares of the investment management company’s stock worth $3,440,000 after purchasing an additional 17,865 shares during the period. Shaker Financial Services LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 109.6% in the 2nd quarter. Shaker Financial Services LLC now owns 145,672 shares of the investment management company’s stock worth $684,000 after buying an additional 76,165 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in 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. Finally, Penserra Capital Management LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at about $9,267,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 2.7 %

EDD opened at $4.54 on Wednesday. The company’s 50-day moving average price is $4.62 and its 200 day moving average price is $4.79. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $5.20.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $0.16 dividend. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 14.10%.

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.