Bank of America Corp DE Sells 36,254 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Bank of America Corp DE lessened its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,434 shares of the company's stock after selling 36,254 shares during the period. Bank of America Corp DE owned about 1.10% of Western Asset Emerging Markets Debt Fund worth $3,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 85.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company's stock worth $14,061,000 after acquiring an additional 674,337 shares during the last quarter. Invesco Ltd. raised 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 worth $10,337,000 after acquiring an additional 117,651 shares during the last quarter. LPL Financial LLC grew its position in Western Asset Emerging Markets Debt Fund by 34.7% in 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 in the last quarter. Advisors Asset Management Inc. grew its position in Western Asset Emerging Markets Debt Fund by 24.6% in the 4th quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company's stock worth $4,838,000 after purchasing an additional 99,437 shares in the last quarter. Finally, Rareview Capital LLC grew its position in Western Asset Emerging Markets Debt Fund by 4.3% in the 4th quarter. Rareview Capital LLC now owns 358,016 shares of the company's stock worth $3,645,000 after purchasing an additional 14,814 shares in the last quarter. Institutional investors and hedge funds own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Trading Down 0.3%

EMD stock traded down $0.03 during trading on Monday, reaching $9.63. The stock had a trading volume of 200,866 shares, compared to its average volume of 198,869. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $8.56 and a one year high of $10.33. The company's 50 day moving average is $9.39 and its two-hundred day moving average is $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. Shareholders of record on Friday, August 22nd will be given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 11.84%. The ex-dividend date of this dividend is Friday, August 22nd.

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.