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

Key Points

• The Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) experienced a slight decline of 0.2%, trading at $7.41 on Tuesday with a 76,116 shares traded, which is 11% lower than the average daily volume.
• The fund recently announced a quarterly dividend of $0.19, translating to an annualized yield of 10.3%, with the ex-dividend date being June 30th.
• Several hedge funds have increased their stakes in the fund, with Comprehensive Money Management Services LLC boosting its position by 5.8% and Round Rock Advisors LLC increasing theirs by 51.5% in the first quarter.

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - Get Free Report) was down 0.2% during mid-day trading on Tuesday . The company traded as low as $7.40 and last traded at $7.41. Approximately 76,116 shares were traded during trading, a decline of 11% from the average daily volume of 85,049 shares. The stock had previously closed at $7.42.

Morgan Stanley Emerging Markets Debt Fund Trading Up 0.5%

The business's fifty day moving average price is $7.67 and its 200-day moving average price is $7.77.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend was Monday, June 30th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MSD. Whipplewood Advisors LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 1,079,777.8% during the second quarter. Whipplewood Advisors LLC now owns 194,378 shares of the company's stock worth $1,503,000 after buying an additional 194,360 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 67.9% in the fourth quarter. Ameriprise Financial Inc. now owns 213,091 shares of the company's stock worth $1,616,000 after purchasing an additional 86,190 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the fourth quarter worth about $551,000. Smith Asset Management Co. LLC purchased a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth about $544,000. Finally, Comprehensive Money Management Services LLC purchased a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the fourth quarter worth about $417,000.

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.