Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Trading 0.1% Higher – Time to Buy?

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSDGet Free Report)’s share price was up 0.1% during mid-day trading on Monday . The stock traded as high as $7.38 and last traded at $7.3040. Approximately 33,167 shares traded hands during trading, a decline of 54% from the average daily volume of 72,110 shares. The stock had previously closed at $7.30.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The company’s 50 day moving average is $7.37 and its 200 day moving average is $7.45.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.7%. The ex-dividend date was Tuesday, March 31st.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the 1st quarter worth $28,000. Millennium Management LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth $83,000. Cetera Investment Advisers acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth $85,000. Private Advisor Group LLC raised its stake in Morgan Stanley Emerging Markets Debt Fund by 21.6% during the 1st quarter. Private Advisor Group LLC now owns 12,651 shares of the company’s stock worth $89,000 after acquiring an additional 2,246 shares in the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth $106,000.

About Morgan Stanley Emerging Markets Debt Fund

(Get Free Report)

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.

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