Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Up 0.5% – Here’s Why

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shares traded up 0.5% during trading on Monday . The company traded as high as $7.25 and last traded at $7.2250. 92,049 shares traded hands during trading, a decline of 6% from the average session volume of 98,089 shares. The stock had previously closed at $7.19.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The business’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $7.45.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 7.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Morgan Stanley Emerging Markets Debt Fund by 1.1% in the 2nd quarter. Bank of America Corp DE now owns 174,977 shares of the company’s stock worth $1,353,000 after purchasing an additional 1,904 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 4.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 47,049 shares of the company’s stock valued at $348,000 after buying an additional 1,912 shares during the period. Private Advisor Group LLC grew its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 21.6% in the 1st quarter. Private Advisor Group LLC now owns 12,651 shares of the company’s stock valued at $89,000 after buying an additional 2,246 shares during the period. Comprehensive Money Management Services LLC grew its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 2.9% in the 4th quarter. Comprehensive Money Management Services LLC now owns 86,225 shares of the company’s stock valued at $637,000 after buying an additional 2,450 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 74,744 shares of the company’s stock valued at $551,000 after buying an additional 3,001 shares during the period.

Morgan Stanley Emerging Markets Debt Fund Company Profile

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.