Rivernorth Capital Management LLC Sells 274,870 Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Rivernorth Capital Management LLC cut its position in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 73.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,077 shares of the investment management company’s stock after selling 274,870 shares during the period. Rivernorth Capital Management LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock worth $39,000 after purchasing an additional 6,615 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at $46,000. Pinkerton Retirement Specialists LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 2nd quarter valued at $71,000. Virtu Financial LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth $72,000. Finally, Jane Street Group LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $130,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.2 %

Shares of EDD stock opened at $4.53 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 52-week low of $4.42 and a 52-week high of $5.20. The company has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $4.82.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date of this dividend is Friday, December 13th.

Morgan Stanley Emerging Markets Domestic Debt Fund 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.