Advisors Asset Management Inc. Buys 106,948 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Advisors Asset Management Inc. lifted its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 36.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 403,477 shares of the company's stock after buying an additional 106,948 shares during the period. Advisors Asset Management Inc. owned about 1.41% of Western Asset Emerging Markets Debt Fund worth $4,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EMD. International Assets Investment Management LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 918.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,108 shares of the company's stock worth $600,000 after acquiring an additional 5,508 shares during the period. Cetera Advisors LLC bought a new position in Western Asset Emerging Markets Debt Fund in the first quarter worth $2,382,000. Pathstone Holdings LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 6.4% during the third quarter. Pathstone Holdings LLC now owns 2,103,953 shares of the company's stock worth $21,419,000 after buying an additional 125,714 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at $1,022,000. Finally, Matisse Capital acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at $572,000. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD traded up $0.11 during midday trading on Friday, reaching $9.94. 281,086 shares of the company's stock were exchanged, compared to its average volume of 205,025. The company's 50 day simple moving average is $9.97 and its two-hundred day simple moving average is $9.72. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.53 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.