Penserra Capital Management LLC Buys Shares of 1,838,810 Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Penserra Capital Management LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,838,810 shares of the investment management company’s stock, valued at approximately $9,267,000.

Other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 15.8% in the third quarter. Avior Wealth Management LLC now owns 58,813 shares of the investment management company’s stock valued at $296,000 after acquiring an additional 8,018 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.6% during the 3rd quarter. Pathstone Holdings LLC now owns 4,399,132 shares of the investment management company’s stock valued at $22,174,000 after purchasing an additional 527,452 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at approximately $164,000. Shaker Financial Services LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 58.8% during the 3rd quarter. Shaker Financial Services LLC now owns 231,346 shares of the investment management company’s stock worth $1,197,000 after purchasing an additional 85,674 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% in the 3rd quarter. Private Advisor Group LLC now owns 156,250 shares of the investment management company’s stock valued at $788,000 after purchasing an additional 5,200 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE EDD opened at $4.61 on Monday. The firm’s fifty day moving average price is $4.86 and its two-hundred day moving average price is $4.82. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a fifty-two week low of $4.42 and a fifty-two week high of $5.20.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.135 per share. The ex-dividend date was Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 11.71%.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual 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 typically invests in government bonds denominated in the local currencies of emerging markets.