PenderFund Capital Management Ltd. Boosts Stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

PenderFund Capital Management Ltd. increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 27.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 974,818 shares of the investment management company’s stock after purchasing an additional 212,883 shares during the quarter. Morgan Stanley Emerging Markets Domestic Debt Fund accounts for 1.9% of PenderFund Capital Management Ltd.’s portfolio, making the stock its 16th biggest holding. PenderFund Capital Management Ltd.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $6,057,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EDD. Saba Capital Management L.P. bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $5,736,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter worth approximately $2,447,000. Bank of America Corp DE grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 12.0% in the 1st quarter. Bank of America Corp DE now owns 4,445,626 shares of the investment management company’s stock worth $22,183,000 after purchasing an additional 475,934 shares during the period. Citadel Advisors LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 680.4% during the 2nd quarter. Citadel Advisors LLC now owns 224,416 shares of the investment management company’s stock valued at $1,008,000 after buying an additional 195,660 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 6.6% during the 4th quarter. Morgan Stanley now owns 2,924,293 shares of the investment management company’s stock valued at $12,867,000 after buying an additional 179,938 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of EDD traded up $0.01 during trading hours on Tuesday, hitting $4.75. The stock had a trading volume of 29,630 shares, compared to its average volume of 182,884. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12 month low of $4.18 and a 12 month high of $4.95. The stock has a fifty day moving average price of $4.45 and a 200 day moving average price of $4.64.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.09 per share. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date was Thursday, September 28th.

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.