Morgan Stanley Emerging Markets Domestic (NYSE:EDD) Share Price Crosses Above 50-Day Moving Average of $6.63

Shares of Morgan Stanley Emerging Markets Domestic (NYSE:EDD) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.63 and traded as high as $6.69. Morgan Stanley Emerging Markets Domestic shares last traded at $6.68, with a volume of 21,434 shares trading hands.

The business’s 50 day simple moving average is $6.63 and its 200 day simple moving average is $6.72.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Friday, September 27th.

Several hedge funds and other institutional investors have recently bought and sold shares of EDD. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic during the 2nd quarter worth about $79,000. Advisor Group Inc. lifted its stake in shares of Morgan Stanley Emerging Markets Domestic by 17.0% during the 2nd quarter. Advisor Group Inc. now owns 15,529 shares of the investment management company’s stock worth $108,000 after buying an additional 2,262 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic during the 2nd quarter worth about $116,000. Royal Bank of Canada lifted its stake in shares of Morgan Stanley Emerging Markets Domestic by 14.4% during the 2nd quarter. Royal Bank of Canada now owns 39,430 shares of the investment management company’s stock worth $272,000 after buying an additional 4,973 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Morgan Stanley Emerging Markets Domestic by 7.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 54,181 shares of the investment management company’s stock worth $375,000 after buying an additional 3,649 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic (NYSE:EDD)

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.

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