Raymond James Financial Inc. acquired a new stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 324,481 shares of the company’s stock, valued at approximately $3,122,000.
Other large investors have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $602,000. Apollon Wealth Management LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $245,000. D.A. Davidson & CO. grew its position in shares of Western Asset Emerging Markets Debt Fund by 42.4% in the 3rd quarter. D.A. Davidson & CO. now owns 73,151 shares of the company’s stock worth $745,000 after buying an additional 21,793 shares during the last quarter. Jane Street Group LLC bought a new position in Western Asset Emerging Markets Debt Fund in the 3rd quarter worth $192,000. Finally, Mission Hills Financial Advisory LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at approximately $108,000. Hedge funds and other institutional investors own 33.05% of the company’s stock.
Western Asset Emerging Markets Debt Fund Trading Down 0.5 %
EMD opened at $9.81 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.89 and a 12-month high of $10.33. The stock has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $9.89.
Western Asset Emerging Markets Debt Fund Announces Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. This represents a yield of 10.92%. The ex-dividend date of this dividend is Monday, March 24th.
Western Asset Emerging Markets Debt Fund 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.
See Also
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