Mutual Advisors LLC boosted its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,486 shares of the company’s stock after buying an additional 15,916 shares during the period. Mutual Advisors LLC owned approximately 0.19% of Western Asset Emerging Markets Debt Fund worth $496,000 as of its most recent SEC filing.
→ Fed’s Shocking New Plan to Control Your Money (From Weiss Ratings)
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gould Asset Management LLC CA grew its position in Western Asset Emerging Markets Debt Fund by 23.0% in the 3rd quarter. Gould Asset Management LLC CA now owns 38,885 shares of the company’s stock valued at $310,000 after buying an additional 7,275 shares during the last quarter. Jane Street Group LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the third quarter valued at $131,000. PenderFund Capital Management Ltd. lifted its holdings in Western Asset Emerging Markets Debt Fund by 807.8% in the third quarter. PenderFund Capital Management Ltd. now owns 226,957 shares of the company’s stock valued at $2,502,000 after acquiring an additional 201,957 shares during the period. Logan Stone Capital LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the third quarter valued at $212,000. Finally, Evergreen Capital Management LLC lifted its holdings in Western Asset Emerging Markets Debt Fund by 130.3% in the third quarter. Evergreen Capital Management LLC now owns 37,762 shares of the company’s stock valued at $304,000 after acquiring an additional 21,362 shares during the period. 33.05% of the stock is currently owned by hedge funds and other institutional investors.
Western Asset Emerging Markets Debt Fund Price Performance
Western Asset Emerging Markets Debt Fund stock opened at $8.41 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $7.40 and a one year high of $10.91. The business has a fifty day moving average of $9.17 and a two-hundred day moving average of $8.84.
Western Asset Emerging Markets Debt Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 24th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Thursday, March 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.
Recommended Stories
Want to see what other hedge funds are holding EMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Western Asset Emerging Markets Debt Fund, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Western Asset Emerging Markets Debt Fund wasn’t on the list.
While Western Asset Emerging Markets Debt Fund currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
