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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $5.52 and traded as low as $5.36. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.3820, with a volume of 377,498 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 3.0%

The stock’s fifty day moving average is $5.52 and its 200-day moving average is $5.66.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.21 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 15.6%. This is a drop from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.1% during the third quarter. Kestra Advisory Services LLC now owns 66,155 shares of the investment management company’s stock worth $362,000 after purchasing an additional 2,002 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% during the 2nd quarter. Kestra Private Wealth Services LLC now owns 89,729 shares of the investment management company’s stock worth $528,000 after buying an additional 2,161 shares during the period. New England Private Wealth Advisors LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.0% during the 3rd quarter. New England Private Wealth Advisors LLC now owns 64,255 shares of the investment management company’s stock worth $338,000 after buying an additional 2,474 shares during the period. HighTower Advisors LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.7% during the 2nd quarter. HighTower Advisors LLC now owns 254,694 shares of the investment management company’s stock valued at $1,498,000 after buying an additional 4,239 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 74,838 shares of the investment management company’s stock valued at $394,000 after buying an additional 5,030 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE: EDD) is a closed-end investment fund managed by Morgan Stanley Investment Management. The fund seeks to provide investors with current income and long-term capital appreciation by investing primarily in debt securities issued in the currencies of emerging-market countries. Its portfolio may include sovereign bonds, government-related obligations and other fixed-income securities issued by emerging-market governments and entities. Because the fund focuses on domestic-currency debt, its investment results can be affected by interest-rate movements, credit conditions, currency fluctuations and economic or political developments in emerging markets.