Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Shares Down 0.2% – Here’s Why

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD – Get Free Report) was down 0.2% during mid-day trading on Friday . The company traded as low as $7.28 and last traded at $7.2950. 45,354 shares were traded during trading, a decline of 51% from the average session volume of 92,366 shares. The stock had previously closed at $7.31.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The stock’s fifty day moving average is $7.33 and its two-hundred day moving average is $7.44.

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Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.15 dividend. This is a boost from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, June 30th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rareview Capital LLC purchased a new position in Morgan Stanley Emerging Markets Debt Fund during the first quarter worth about $2,092,000. Wealthstar Advisors LLC increased its stake in Morgan Stanley Emerging Markets Debt Fund by 5.4% in the 1st quarter. Wealthstar Advisors LLC now owns 82,886 shares of the company’s stock valued at $582,000 after buying an additional 4,282 shares during the last quarter. Everstar Asset Management LLC increased its stake in Morgan Stanley Emerging Markets Debt Fund by 21.9% in the 1st quarter. Everstar Asset Management LLC now owns 256,538 shares of the company’s stock valued at $1,801,000 after buying an additional 46,168 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Morgan Stanley Emerging Markets Debt Fund by 44.7% during the 4th quarter. Fiera Capital Corp now owns 166,173 shares of the company’s stock worth $1,228,000 after buying an additional 51,368 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 6.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 58,055 shares of the company’s stock worth $429,000 after buying an additional 3,500 shares during the last quarter.

Morgan Stanley Emerging Markets Debt Fund Company Profile

(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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