Valeo Financial Advisors LLC Makes New $99,000 Investment in Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD)

Valeo Financial Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) during the second quarter, Holdings Channel reports. The institutional investor acquired 13,500 shares of the company’s stock, valued at approximately $99,000.

Separately, Cullen Frost Bankers Inc. increased its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 50.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 12,000 shares of the company’s stock worth $83,000 after purchasing an additional 4,000 shares in the last quarter.

Morgan Stanley Emerging Markets Debt Fund Price Performance

Shares of MSD remained flat at $7.58 during mid-day trading on Friday. 10,013 shares of the company traded hands, compared to its average volume of 71,354. Morgan Stanley Emerging Markets Debt Fund, Inc. has a 52-week low of $6.11 and a 52-week high of $7.78. The firm’s fifty day simple moving average is $7.47 and its 200 day simple moving average is $7.24.

Morgan Stanley Emerging Markets Debt Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.61%.

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.