Apollon Wealth Management LLC Takes Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Apollon Wealth Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,509 shares of the company's stock, valued at approximately $245,000. Apollon Wealth Management LLC owned 0.09% of Western Asset Emerging Markets Debt Fund as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the third quarter worth about $104,000. Mission Hills Financial Advisory LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $108,000. Jane Street Group LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the third quarter worth about $192,000. Concurrent Investment Advisors LLC raised its stake in Western Asset Emerging Markets Debt Fund by 13.2% during the third 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 period. Finally, Uncommon Cents Investing LLC raised its stake in Western Asset Emerging Markets Debt Fund by 43.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 28,500 shares of the company's stock worth $274,000 after acquiring an additional 8,600 shares during the period. Institutional investors and hedge funds own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE EMD traded up $0.03 on Tuesday, hitting $10.01. The stock had a trading volume of 95,947 shares, compared to its average volume of 170,657. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $8.89 and a one year high of $10.33. The company's 50-day moving average is $9.83 and its two-hundred day moving average is $9.89.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 27th were given a $0.0875 dividend. This represents a yield of 10.66%. The ex-dividend date of this dividend was Friday, January 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.