Morgan Stanley Emerging Markets Domestic (NYSE:EDD) Stock Passes Below 50 Day Moving Average of $6.97

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Morgan Stanley Emerging Markets Domestic (NYSE:EDD)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.97 and traded as low as $6.70. Morgan Stanley Emerging Markets Domestic shares last traded at $6.75, with a volume of 5,280 shares traded.

The stock has a fifty day moving average of $6.97.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.15 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 8.85%.

Large investors have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. grew its holdings in shares of Morgan Stanley Emerging Markets Domestic by 742.2% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 658,915 shares of the investment management company’s stock worth $4,556,000 after acquiring an additional 580,681 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic in the 2nd quarter worth $458,000. Oxbow Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic in the 2nd quarter worth $116,000. Advisor Group Inc. grew its holdings in shares of Morgan Stanley Emerging Markets Domestic by 17.0% in the 2nd quarter. Advisor Group Inc. now owns 15,529 shares of the investment management company’s stock worth $108,000 after acquiring an additional 2,262 shares during the last quarter. Finally, Cardan Capital Partners LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic by 8.4% in the 2nd quarter. Cardan Capital Partners LLC now owns 145,509 shares of the investment management company’s stock worth $1,005,000 after acquiring an additional 11,322 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Company Profile (NYSE:EDD)

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.

Further Reading: Why does the United States have a lingering trade deficit?

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