Walleye Capital LLC Acquires 35,547 Shares of Western Asset Emerging Markets Debt Fund Inc. $EMD

Key Points

• Walleye Capital LLC increased its stake in Western Asset Emerging Markets Debt Fund Inc. by 96.6%, owning approximately 72,350 shares valued at $716,000 after additional purchases.
• The firm has declared a monthly dividend of $0.095 per share, providing shareholders with an annualized yield of 11.1%.
• As of the latest data, institutional investors and hedge funds collectively own about 33.05% of the company's stock.

Walleye Capital LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 96.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,350 shares of the company's stock after buying an additional 35,547 shares during the quarter. Walleye Capital LLC owned about 0.25% of Western Asset Emerging Markets Debt Fund worth $716,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EMD. Raymond James Financial Inc. boosted its stake in Western Asset Emerging Markets Debt Fund by 8.4% during the first quarter. Raymond James Financial Inc. now owns 351,711 shares of the company's stock worth $3,478,000 after acquiring an additional 27,230 shares in the last quarter. Shaker Financial Services LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 16.6% during the first quarter. Shaker Financial Services LLC now owns 195,763 shares of the company's stock worth $1,954,000 after acquiring an additional 27,878 shares in the last quarter. LPL Financial LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 0.4% during the first quarter. LPL Financial LLC now owns 794,299 shares of the company's stock worth $7,856,000 after acquiring an additional 2,971 shares in the last quarter. Readystate Asset Management LP boosted its stake in Western Asset Emerging Markets Debt Fund by 193.4% during the first quarter. Readystate Asset Management LP now owns 52,971 shares of the company's stock worth $524,000 after acquiring an additional 34,916 shares in the last quarter. Finally, Choreo LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 13.1% during the first quarter. Choreo LLC now owns 52,172 shares of the company's stock worth $516,000 after acquiring an additional 6,051 shares in the last quarter. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Up 0.5%

NYSE EMD traded up $0.05 on Thursday, hitting $10.32. 90,230 shares of the company were exchanged, compared to its average volume of 192,327. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.56 and a 12 month high of $10.41. The stock has a fifty day moving average of $10.19 and a 200-day moving average of $9.79.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be paid a $0.095 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, October 24th.

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.