Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 18.7% during the first quarter, Holdings Channel.com reports. The firm owned 32,659 shares of the company’s stock after acquiring an additional 5,136 shares during the period. Park Avenue Securities LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EMD. Wells Fargo & Company MN increased its holdings in Western Asset Emerging Markets Debt Fund by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 719,729 shares of the company’s stock valued at $6,629,000 after buying an additional 114,263 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Western Asset Emerging Markets Debt Fund by 10.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 510,119 shares of the company’s stock worth $4,698,000 after acquiring an additional 48,934 shares in the last quarter. SFI Advisors LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter worth approximately $224,000. Raymond James Financial Services Advisors Inc. increased its stake in Western Asset Emerging Markets Debt Fund by 6.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 397,686 shares of the company’s stock valued at $3,663,000 after purchasing an additional 23,614 shares during the last quarter. Finally, Laidlaw Wealth Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter worth approximately $192,000. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of Western Asset Emerging Markets Debt Fund stock opened at $9.31 on Monday. The company has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $9.25. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $7.85 and a 12-month high of $9.67.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be given a dividend of $0.0845 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.89%. The ex-dividend date of this dividend is Friday, August 23rd.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.