Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Down 0.2% - Time to Sell?

Key Points

• Shares of the Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) experienced a slight decline of 0.2%, trading down to $7.50, with a notable drop in trading volume by 43% compared to average levels.
• The fund recently declared a quarterly dividend of $0.19, yielding an annualized rate of 10.1%, indicating the fund's ongoing commitment to return value to shareholders amid fluctuating stock performance.
• Institutional investors are actively adjusting their stakes in the fund, with several firms, including Bank of America and Ameriprise Financial, increasing their investments in the second quarter.

Shares of Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - ) traded down 0.2% on Wednesday . The stock traded as low as $7.47 and last traded at $7.50. 58,675 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 103,612 shares. The stock had previously closed at $7.51.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The business's 50-day moving average price is $7.57 and its two-hundred day moving average price is $7.72.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 10.1%.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Morgan Stanley Emerging Markets Debt Fund by 1.1% during the second 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. Ameriprise Financial Inc. grew its position in Morgan Stanley Emerging Markets Debt Fund by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 274,912 shares of the company's stock valued at $2,125,000 after acquiring an additional 3,611 shares in the last quarter. Everstar Asset Management LLC grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 13.2% during the second quarter. Everstar Asset Management LLC now owns 159,889 shares of the company's stock valued at $1,236,000 after acquiring an additional 18,594 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 16.4% during the second quarter. Kovack Advisors Inc. now owns 50,252 shares of the company's stock valued at $388,000 after acquiring an additional 7,095 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its stake in Morgan Stanley Emerging Markets Debt Fund by 1,079,777.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 194,378 shares of the company's stock valued at $1,503,000 after purchasing an additional 194,360 shares in the last quarter.

Morgan Stanley Emerging Markets Debt Fund Company Profile

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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