Wells Fargo & Company MN Buys 674,337 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Wells Fargo & Company MN lifted its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 85.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,461,685 shares of the company's stock after acquiring an additional 674,337 shares during the period. Wells Fargo & Company MN owned approximately 5.11% of Western Asset Emerging Markets Debt Fund worth $14,061,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in EMD. Jane Street Group LLC bought a new position in Western Asset Emerging Markets Debt Fund during the third quarter worth about $192,000. Mission Hills Financial Advisory LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $108,000. Uncommon Cents Investing LLC grew its position in Western Asset Emerging Markets Debt Fund by 43.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 28,500 shares of the company's stock valued at $274,000 after acquiring an additional 8,600 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter worth $602,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at $245,000. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Trading Up 1.2 %

Shares of Western Asset Emerging Markets Debt Fund stock traded up $0.11 during mid-day trading on Friday, reaching $9.11. 235,816 shares of the stock were exchanged, compared to its average volume of 199,421. 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. The firm has a 50-day simple moving average of $9.60 and a 200 day simple moving average of $9.78.

Western Asset Emerging Markets Debt Fund Announces Dividend

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

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.