Tortoise Investment Management LLC Sells 19,778 Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Tortoise Investment Management LLC decreased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 25.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,076 shares of the investment management company’s stock after selling 19,778 shares during the period. Tortoise Investment Management LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridge Advisory LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 4.6% during the second quarter. Bridge Advisory LLC now owns 664,607 shares of the investment management company’s stock valued at $3,031,000 after buying an additional 29,483 shares during the last quarter. Ironsides Asset Advisors LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.8% during the first quarter. Ironsides Asset Advisors LLC now owns 37,017 shares of the investment management company’s stock valued at $176,000 after buying an additional 3,313 shares during the last quarter. Matisse Capital boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 156.1% during the first quarter. Matisse Capital now owns 360,825 shares of the investment management company’s stock valued at $1,714,000 after buying an additional 219,950 shares during the last quarter. Private Advisor Group LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.8% during the first quarter. Private Advisor Group LLC now owns 139,750 shares of the investment management company’s stock valued at $664,000 after buying an additional 10,153 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at approximately $61,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $4.92 on Wednesday. The stock has a 50 day moving average of $4.84 and a 200 day moving average of $4.74. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12 month low of $4.22 and a 12 month high of $5.06.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date of this dividend was Friday, June 28th.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.