Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Down 0.2% - Here's What Happened

Key Points

• Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shares fell by 0.2% during mid-day trading on Thursday, with a last trading price of $7.63.
• The fund recently declared a quarterly dividend of $0.19, equating to an annualized yield of 10.0%.
• Several institutional investors have recently modified their stakes in the fund, with notable purchases totaling approximately $295,000 from Private Advisor Group LLC.

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - ) shares fell 0.2% during mid-day trading on Thursday . The company traded as low as $7.62 and last traded at $7.63. 78,286 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 114,562 shares. The stock had previously closed at $7.64.

Morgan Stanley Emerging Markets Debt Fund Stock Down 0.2%

The stock has a fifty day moving average of $7.50 and a 200-day moving average of $7.65.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Monday, June 30th.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new stake in Morgan Stanley Emerging Markets Debt Fund in the first quarter valued at approximately $31,000. Brookstone Capital Management purchased a new stake in Morgan Stanley Emerging Markets Debt Fund in the second quarter valued at approximately $87,000. Round Rock Advisors LLC lifted its stake in Morgan Stanley Emerging Markets Debt Fund by 51.5% in the first quarter. Round Rock Advisors LLC now owns 17,528 shares of the company's stock valued at $141,000 after buying an additional 5,955 shares during the last quarter. Maridea Wealth Management LLC purchased a new stake in Morgan Stanley Emerging Markets Debt Fund in the second quarter valued at approximately $225,000. Finally, Private Advisor Group LLC purchased a new stake in Morgan Stanley Emerging Markets Debt Fund in the first quarter valued at approximately $295,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income 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 primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.

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