Readystate Asset Management LP grew its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 193.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,971 shares of the company's stock after buying an additional 34,916 shares during the period. Readystate Asset Management LP owned 0.19% of Western Asset Emerging Markets Debt Fund worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the business. Cercano Management LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $11,364,000. Wells Fargo & Company MN increased its position in Western Asset Emerging Markets Debt Fund by 85.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company's stock worth $14,061,000 after purchasing an additional 674,337 shares during the period. Pathstone Holdings LLC increased its position in Western Asset Emerging Markets Debt Fund by 15.6% during the 4th quarter. Pathstone Holdings LLC now owns 2,431,764 shares of the company's stock worth $23,415,000 after purchasing an additional 327,811 shares during the period. Raymond James Financial Inc. acquired a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $3,122,000. Finally, LPL Financial LLC increased its position in Western Asset Emerging Markets Debt Fund by 34.7% during the 4th quarter. LPL Financial LLC now owns 791,328 shares of the company's stock worth $7,613,000 after purchasing an additional 204,050 shares during the period. 33.05% of the stock is owned by hedge funds and other institutional investors.
Western Asset Emerging Markets Debt Fund Price Performance
Shares of NYSE:EMD traded up $0.09 during trading on Friday, hitting $10.10. 145,288 shares of the stock were exchanged, compared to its average volume of 200,316. The company has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $9.72. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.56 and a 12-month high of $10.33.
Western Asset Emerging Markets Debt Fund Announces Dividend
The business also recently announced a dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 25th will be paid a $0.095 dividend. This represents a yield of 11.26%. The ex-dividend date of this dividend is Thursday, July 24th.
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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