Allspring Global Investments Holdings LLC lowered its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 42.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 532,373 shares of the company's stock after selling 400,753 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.86% of Western Asset Emerging Markets Debt Fund worth $5,228,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of EMD. Waterfront Wealth Inc. acquired a new stake in Western Asset Emerging Markets Debt Fund during the 1st quarter valued at $106,000. Equitable Holdings Inc. acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $118,000. Evolve Private Wealth LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $124,000. HRT Financial LP bought a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $127,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Western Asset Emerging Markets Debt Fund during the second quarter worth approximately $153,000. Institutional investors own 33.05% of the company's stock.
Western Asset Emerging Markets Debt Fund Stock Performance
EMD opened at $10.59 on Friday. The business has a fifty day simple moving average of $10.58 and a 200 day simple moving average of $10.64. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $9.60 and a 1 year high of $11.30.
Western Asset Emerging Markets Debt Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.033 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.
Western Asset Emerging Markets Debt Fund Company Profile
(
Free Report)
Western Asset Emerging Markets Debt Fund Inc NYSE: EMD is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.
EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.
Further Reading
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 - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
