Ariadne Wealth Management LP Acquires Shares of 108,834 Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Ariadne Wealth Management LP acquired a new position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 108,834 shares of the company’s stock, valued at approximately $1,022,000. Ariadne Wealth Management LP owned 0.38% of Western Asset Emerging Markets Debt Fund as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in Western Asset Emerging Markets Debt Fund by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 719,729 shares of the company’s stock worth $6,629,000 after buying an additional 114,263 shares in the last quarter. Advisors Asset Management Inc. increased its position in Western Asset Emerging Markets Debt Fund by 73.0% in the 1st quarter. Advisors Asset Management Inc. now owns 258,211 shares of the company’s stock valued at $2,481,000 after acquiring an additional 108,941 shares during the period. Cetera Advisors LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter valued at about $2,382,000. Matisse Capital acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at about $572,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Western Asset Emerging Markets Debt Fund by 16.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,460,726 shares of the company’s stock worth $13,599,000 after buying an additional 209,374 shares during the period. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of EMD opened at $10.17 on Tuesday. The stock has a 50 day moving average price of $9.85 and a two-hundred day moving average price of $9.54. Western Asset Emerging Markets Debt Fund Inc. has a 52 week low of $7.85 and a 52 week high of $10.29.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 24th will be given a dividend of $0.0845 per share. The ex-dividend date is Thursday, October 24th. This represents a $1.01 annualized dividend and a yield of 9.97%.

Western Asset Emerging Markets Debt Fund 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.