Pekin Hardy Strauss Inc. Has $569,000 Stock Holdings in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Pekin Hardy Strauss Inc. lowered its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,949 shares of the investment management company’s stock after selling 11,051 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EDD. Northwestern Mutual Wealth Management Co. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 6,615 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 2nd quarter worth about $71,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at about $164,000. Avior Wealth Management LLC grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 15.8% in the 3rd quarter. Avior Wealth Management LLC now owns 58,813 shares of the investment management company’s stock valued at $296,000 after buying an additional 8,018 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% in the second quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock worth $389,000 after buying an additional 10,116 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of EDD opened at $4.61 on Monday. The firm’s 50 day moving average price is $4.86 and its 200 day moving average price is $4.82. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a twelve month low of $4.42 and a twelve month high of $5.20.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

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

Morgan Stanley Emerging Markets Domestic Debt Fund Profile

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.