Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 73.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,946 shares of the company's stock after selling 181,101 shares during the quarter. Cetera Investment Advisers owned about 0.23% of Western Asset Emerging Markets Debt Fund worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Samalin Investment Counsel LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 2.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 42,246 shares of the company's stock valued at $406,000 after acquiring an additional 1,124 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 1.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 107,988 shares of the company's stock valued at $1,039,000 after acquiring an additional 1,319 shares in the last quarter. Comerica Bank lifted its position in Western Asset Emerging Markets Debt Fund by 8.6% during the fourth quarter. Comerica Bank now owns 23,035 shares of the company's stock worth $222,000 after buying an additional 1,815 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in Western Asset Emerging Markets Debt Fund by 4.0% during the fourth quarter. Moloney Securities Asset Management LLC now owns 54,745 shares of the company's stock worth $527,000 after buying an additional 2,107 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Western Asset Emerging Markets Debt Fund by 3.9% during the fourth quarter. D.A. Davidson & CO. now owns 76,013 shares of the company's stock worth $731,000 after buying an additional 2,862 shares in the last quarter. Hedge funds and other institutional investors own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Western Asset Emerging Markets Debt Fund stock traded down $0.08 during trading on Wednesday, reaching $9.57. 397,679 shares of the company were exchanged, compared to its average volume of 198,068. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $8.56 and a 52-week high of $10.33. The stock's 50 day simple moving average is $9.40 and its two-hundred day simple moving average is $9.69.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.14 dividend on an annualized basis and a yield of 11.91%.

About Western Asset Emerging Markets Debt Fund

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.