Shaker Financial Services LLC Buys 27,878 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Key Points

• Shaker Financial Services LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 16.6%, acquiring an additional 27,878 shares and totaling 195,763 shares worth about $1.95 million.
• Institutional investors collectively own 33.05% of the stock, with notable transactions including Wells Fargo & Company, which raised its stake by 85.6% in the fourth quarter.
• The fund recently declared a $0.095 dividend with a yield of 1,126.0%, reflecting the company’s focus on providing returns to its shareholders.

Shaker Financial Services LLC boosted its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,763 shares of the company's stock after buying an additional 27,878 shares during the period. Shaker Financial Services LLC owned about 0.68% of Western Asset Emerging Markets Debt Fund worth $1,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMD. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 7.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 109,515 shares of the company's stock valued at $1,083,000 after purchasing an additional 8,014 shares during the period. Comprehensive Money Management Services LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $604,000. Merit Financial Group LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter valued at about $255,000. Accredited Investor Services LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter valued at about $367,000. Finally, Invesco Ltd. increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 12.3% in the 4th quarter. Invesco Ltd. now owns 1,074,495 shares of the company's stock valued at $10,337,000 after purchasing an additional 117,651 shares during the period. Institutional investors and hedge funds own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of EMD traded up $0.03 during trading hours on Friday, reaching $10.28. The company's stock had a trading volume of 124,595 shares, compared to its average volume of 195,278. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.56 and a 1-year high of $10.33. The company has a 50 day moving average of $10.01 and a two-hundred day moving average of $9.75.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 20th will be issued a $0.095 dividend. The ex-dividend date is Thursday, November 20th. This represents a yield of 1,120.0%.

Western Asset Emerging Markets Debt Fund 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.