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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.80 and traded as low as $4.64. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.66, with a volume of 258,912 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The stock’s 50 day moving average is $4.94 and its two-hundred day moving average is $4.80.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date of this dividend was Monday, September 30th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock valued at $39,000 after buying an additional 6,615 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 2nd quarter worth about $71,000. Ironsides Asset Advisors LLC lifted 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 worth $176,000 after purchasing an additional 3,313 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% in the second quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock valued at $389,000 after purchasing an additional 10,116 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in the second quarter. Pekin Hardy Strauss Inc. now owns 124,000 shares of the investment management company’s stock valued at $565,000 after purchasing an additional 11,000 shares during the last quarter.

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.