Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) Director Anthony Grillo bought 1,250 shares of the stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $9.65 per share, for a total transaction of $12,062.50. Following the completion of the purchase, the director now owns 1,250 shares of the company's stock, valued at approximately $12,062.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Western Asset Emerging Markets Debt Fund Stock Performance
Shares of EMD traded up $0.05 during mid-day trading on Friday, hitting $9.64. The stock had a trading volume of 167,246 shares, compared to its average volume of 198,513. The business has a fifty day moving average price of $9.39 and a 200-day moving average price of $9.68. Western Asset Emerging Markets Debt Fund Inc. has a 52 week low of $8.56 and a 52 week high of $10.33.
Western Asset Emerging Markets Debt Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be paid a $0.095 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.14 annualized dividend and a dividend yield of 11.83%.
Institutional Trading of Western Asset Emerging Markets Debt Fund
Hedge funds have recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $38,000. Putney Financial Group LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $46,000. Anfield Capital Management LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $56,000. WPG Advisers LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the first quarter valued at $69,000. Finally, Waterfront Wealth Inc. grew its position in shares of Western Asset Emerging Markets Debt Fund by 15.1% in the first quarter. Waterfront Wealth Inc. now owns 11,598 shares of the company's stock valued at $115,000 after purchasing an additional 1,522 shares in the last quarter. 33.05% of the stock is currently owned by institutional investors.
About Western Asset Emerging Markets Debt Fund
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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.
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