Fintel reports that First Trust Portfolios
has filed a 13G/A form
with the SEC disclosing ownership of
9.20MM
shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (EDD).
This represents 13.94% of the company.
In their previous filing dated January 21, 2022
they reported 7.32MM shares and 11.07% of the company,
an increase in shares of 25.58%
and
an increase in total ownership of
2.87% (calculated as current – previous percent ownership).
Fund Sentiment
There are 68 funds or institutions reporting positions in Morgan Stanley Emerging Markets Domestic Debt Fund.
This is a decrease
of
5
owner(s) or 6.85%.
Average portfolio weight of all funds dedicated to US:EDD is 0.3204%,
a decrease
of 4.7547%.
Total shares owned by institutions decreased
in the last three months by 8.72% to 28,395K shares.
What are large shareholders doing?
Saba Capital Management
holds 5,577,674 shares
Bank Of America
holds 4,232,109 shares
Rivernorth Capital Management
holds 1,827,896 shares
Wells Fargo
holds 1,565,786 shares
RNDLX – RiverNorth
holds 1,449,660 shares
Morgan Stanley Emerging Markets Domestic Debt Fund Declares $0.07 Dividend
Morgan Stanley Emerging Markets Domestic Debt Fund said on December 6, 2022 that its board of directors declared a regular
quarterly dividend of $0.07 per share ($0.28 annualized).
Shareholders of record as of December 15, 2022
received the payment on January 13, 2023.
Previously, the company paid $0.07 per share.
At the most recent share price of $4.68 / share,
the stock’s dividend yield was 5.98%.
Morgan Stanley Emerging Markets Domestic Debt Fund Background Information
(This description is provided by the company.)
Morgan Stanley Emerging Markets Domestic Debt Fund seeks a high level of current income, with a secondary investment objective of long-term capital appreciation by investing in a range of sovereign, quasi-sovereign and corporate debt securities in emerging markets. Investments are mostly denominated in emerging market and/or non-U.S. currencies. We believe that emerging markets experiencing positive fundamental change may present attractive investment opportunities for investors. To help achieve its objective, we combine top-down country allocation with bottom-up security selection.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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