Allworth Financial LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,834 shares of the company’s stock, valued at approximately $38,000.
Several other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth about $104,000. Mission Hills Financial Advisory LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at $108,000. Jane Street Group LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth $192,000. Apollon Wealth Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth $245,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 13.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 24,356 shares of the company’s stock worth $248,000 after acquiring an additional 2,844 shares during the last quarter. Institutional investors and hedge funds own 33.05% of the company’s stock.
Western Asset Emerging Markets Debt Fund Price Performance
EMD opened at $9.82 on Wednesday. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $8.89 and a 1 year high of $10.33. The stock has a fifty day moving average price of $9.81 and a 200 day moving average price of $9.90.
Western Asset Emerging Markets Debt Fund Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.09 dividend. This is a positive change from Western Asset Emerging Markets Debt Fund’s previous dividend of $0.09. The ex-dividend date of this dividend is 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.
Further Reading
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