Raymond James Financial Inc. Invests $3.12 Million in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Raymond James Financial Inc. bought a new position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 324,481 shares of the company's stock, valued at approximately $3,122,000. Raymond James Financial Inc. owned 1.13% of Western Asset Emerging Markets Debt Fund at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EMD. Apollon Wealth Management LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $245,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at approximately $602,000. HighTower Advisors LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 364.3% during the 4th quarter. HighTower Advisors LLC now owns 72,792 shares of the company's stock worth $700,000 after purchasing an additional 57,115 shares during the last quarter. Invesco Ltd. increased its holdings in Western Asset Emerging Markets Debt Fund by 12.3% during the 4th quarter. Invesco Ltd. now owns 1,074,495 shares of the company's stock worth $10,337,000 after purchasing an additional 117,651 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter valued at approximately $192,000. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Stock Down 0.2 %

Shares of EMD stock traded down $0.02 during mid-day trading on Friday, reaching $9.42. 159,532 shares of the company were exchanged, compared to its average volume of 198,065. The business's 50 day simple moving average is $9.48 and its 200 day simple moving average is $9.72. 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 Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.09 dividend. This represents a dividend yield of 10.92%. The ex-dividend date was Monday, March 24th.

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.