Cetera Investment Advisers Sells 181,101 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Cetera Investment Advisers reduced its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent 13F filing 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 approximately 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 stock. Allworth Financial LP acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $38,000. Anfield Capital Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at approximately $56,000. Comerica Bank raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 8.6% in the 4th 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. Apollon Wealth Management LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth $245,000. Finally, Two Sigma Securities LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth $286,000. Hedge funds and other institutional investors own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE EMD traded up $0.01 during trading on Friday, reaching $9.60. 22,513 shares of the company's stock were exchanged, compared to its average volume of 197,584. The business has a 50 day moving average price of $9.39 and a 200-day moving average price of $9.68. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 11.88%. The ex-dividend date is Friday, August 22nd.

Western Asset Emerging Markets Debt Fund Company 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.