Invesco Ltd. Acquires 117,651 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Invesco Ltd. boosted its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,074,495 shares of the company's stock after acquiring an additional 117,651 shares during the quarter. Invesco Ltd. owned 3.75% of Western Asset Emerging Markets Debt Fund worth $10,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of Western Asset Emerging Markets Debt Fund by 85.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company's stock worth $14,061,000 after purchasing an additional 674,337 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $3,122,000. LPL Financial LLC increased its stake in shares of Western Asset Emerging Markets Debt Fund by 34.7% in the fourth quarter. LPL Financial LLC now owns 791,328 shares of the company's stock valued at $7,613,000 after buying an additional 204,050 shares during the period. Advisors Asset Management Inc. raised its position in shares of Western Asset Emerging Markets Debt Fund by 24.6% during the fourth quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company's stock worth $4,838,000 after acquiring an additional 99,437 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $602,000. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Performance

NYSE:EMD traded up $0.06 on Friday, reaching $9.34. 112,210 shares of the stock traded hands, compared to its average volume of 198,875. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.56 and a 1-year high of $10.33. The company's 50 day moving average is $9.52 and its 200-day moving average is $9.75.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.09 per share. This represents a yield of 10.92%. The ex-dividend date was 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.