Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Trading 0.6% Higher Following Dividend Announcement

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shares traded up 0.6% during trading on Monday after the company announced a dividend. The company traded as high as $7.14 and last traded at $7.13. Approximately 80,045 shares changed hands during trading, an increase of 55% from the average session volume of 51,804 shares. The stock had previously closed at $7.09.

The newly announced dividend which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.145 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.58 annualized dividend and a dividend yield of 8.1%.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The firm’s 50 day moving average price is $7.26 and its two-hundred day moving average price is $7.32.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 1st quarter worth about $28,000. Noble Wealth Management PBC bought a new stake in Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter valued at about $34,000. Global Retirement Partners LLC acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter worth approximately $33,000. Integrated Wealth Concepts LLC acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter worth approximately $46,000. Finally, 49 Wealth Management LLC bought a new position in Morgan Stanley Emerging Markets Debt Fund in the second quarter worth approximately $81,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol MSD. The fund is managed by Morgan Stanley Investment Management and seeks to provide investors with current income and, to a lesser extent, capital appreciation through investments in emerging-market debt securities.

The fund invests primarily in fixed-income securities issued by governments, government-related entities and companies in emerging-market countries.