Western Asset Emerging Markets Debt Fund Inc. $EMD Stake Boosted by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 28.2%, owning approximately 2.25% of the fund, valued at $6.376 million.
• The fund recently declared a monthly dividend of $0.095 per share, with an ex-dividend date of October 24th, representing an annualized yield of 11.1%.
• As of now, institutional investors own 33.05% of the stock, with various hedge funds modifying their holdings in recent months.

Advisors Asset Management Inc. boosted its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 644,690 shares of the company's stock after buying an additional 141,776 shares during the quarter. Advisors Asset Management Inc. owned approximately 2.25% of Western Asset Emerging Markets Debt Fund worth $6,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waterfront Wealth Inc. increased its holdings in Western Asset Emerging Markets Debt Fund by 15.1% in the first quarter. Waterfront Wealth Inc. now owns 11,598 shares of the company's stock valued at $115,000 after buying an additional 1,522 shares during the last quarter. Comerica Bank increased its holdings in Western Asset Emerging Markets Debt Fund by 8.6% in the fourth quarter. Comerica Bank now owns 23,035 shares of the company's stock valued at $222,000 after buying an additional 1,815 shares during the last quarter. LPL Financial LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 0.4% in the first quarter. LPL Financial LLC now owns 794,299 shares of the company's stock valued at $7,856,000 after buying an additional 2,971 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 8.3% in the first quarter. Moloney Securities Asset Management LLC now owns 59,281 shares of the company's stock valued at $586,000 after buying an additional 4,536 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $46,000. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 0.0%

Western Asset Emerging Markets Debt Fund stock traded up $0.01 during midday trading on Tuesday, hitting $10.45. The stock had a trading volume of 68,201 shares, compared to its average volume of 191,879. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.56 and a 12 month high of $10.49. The business has a fifty day moving average price of $10.21 and a 200 day moving average price of $9.80.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 10.9%.

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.