B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 50.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,579 shares of the company's stock after selling 103,428 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.35% of Western Asset Emerging Markets Debt Fund worth $1,034,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the second quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company's stock worth $44,000 after buying an additional 4,411 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth $104,000. Jane Street Group LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter worth $192,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the second quarter valued at $200,000. 33.05% of the stock is currently owned by institutional investors.
Western Asset Emerging Markets Debt Fund Stock Performance
Shares of EMD stock traded down $0.11 on Wednesday, hitting $9.82. The stock had a trading volume of 201,455 shares, compared to its average volume of 201,466. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $8.88 and a one year high of $10.33. The business has a 50 day moving average price of $9.92 and a 200 day moving average price of $9.81.
Western Asset Emerging Markets Debt Fund Cuts Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.0875 dividend. The ex-dividend date of this dividend is Monday, December 23rd.
About Western Asset Emerging Markets Debt Fund
(
Free Report)
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.
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