Accredited Investor Services LLC Purchases Shares of 37,065 Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Accredited Investor Services LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,065 shares of the company's stock, valued at approximately $367,000. Accredited Investor Services LLC owned about 0.13% of Western Asset Emerging Markets Debt Fund at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $46,000. Waterfront Wealth Inc. boosted its position in shares of Western Asset Emerging Markets Debt Fund by 15.1% during the 1st quarter. Waterfront Wealth Inc. now owns 11,598 shares of the company's stock worth $115,000 after purchasing an additional 1,522 shares during the period. Vivaldi Capital Management LP acquired a new stake in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at approximately $161,000. Advisor Resource Council purchased a new stake in Western Asset Emerging Markets Debt Fund in the first quarter valued at approximately $161,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth $192,000. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Trading Down 0.4%

Shares of NYSE EMD traded down $0.04 during trading on Tuesday, reaching $10.10. The stock had a trading volume of 99,606 shares, compared to its average volume of 200,729. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $10.33. The business's 50-day moving average price is $9.78 and its 200-day moving average price is $9.69.

Western Asset Emerging Markets Debt Fund Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a $0.095 dividend. This is an increase from Western Asset Emerging Markets Debt Fund's previous dividend of $0.09. This represents a yield of 11.66%. The ex-dividend date of this dividend was Monday, June 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.