Merit Financial Group LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,756 shares of the company's stock, valued at approximately $255,000. Merit Financial Group LLC owned about 0.09% of Western Asset Emerging Markets Debt Fund at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Allworth Financial LP acquired a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $38,000. Putney Financial Group LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $46,000. Anfield Capital Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $56,000. Vivaldi Capital Management LP acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $161,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $192,000. 33.05% of the stock is currently owned by institutional investors and hedge funds.
Western Asset Emerging Markets Debt Fund Stock Up 0.3%
NYSE EMD traded up $0.03 on Monday, reaching $9.80. The company had a trading volume of 163,319 shares, compared to its average volume of 198,507. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $8.56 and a 1 year high of $10.33. The firm has a 50-day moving average of $9.45 and a 200-day moving average of $9.68.
Western Asset Emerging Markets Debt Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 11.64%. The ex-dividend date of this dividend is Friday, August 22nd.
About Western Asset Emerging Markets Debt Fund
(
Free Report)
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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