Maridea Wealth Management LLC Acquires Shares of 49,854 Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Maridea Wealth Management LLC acquired a new stake 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 13F filing with the SEC. The firm acquired 49,854 shares of the company's stock, valued at approximately $480,000. Maridea Wealth Management LLC owned approximately 0.17% of Western Asset Emerging Markets Debt Fund as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EMD. Samalin Investment Counsel LLC raised its position in Western Asset Emerging Markets Debt Fund by 2.7% during the fourth quarter. Samalin Investment Counsel LLC now owns 42,246 shares of the company's stock valued at $406,000 after purchasing an additional 1,124 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Western Asset Emerging Markets Debt Fund by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company's stock valued at $1,086,000 after purchasing an additional 1,190 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 4.0% during the 4th quarter. Moloney Securities Asset Management LLC now owns 54,745 shares of the company's stock valued at $527,000 after buying an additional 2,107 shares in the last quarter. D.A. Davidson & CO. lifted its position in Western Asset Emerging Markets Debt Fund by 3.9% in the 4th quarter. D.A. Davidson & CO. now owns 76,013 shares of the company's stock worth $731,000 after buying an additional 2,862 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter worth approximately $38,000. 33.05% of the stock is owned by institutional investors.

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Western Asset Emerging Markets Debt Fund Trading Down 0.1 %

Shares of EMD stock traded down $0.01 during trading hours on Wednesday, hitting $9.86. 104,354 shares of the company's stock were exchanged, compared to its average volume of 196,116. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.89 and a 12-month high of $10.33. The business's 50 day simple moving average is $9.86 and its 200-day simple moving average is $9.89.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 10.92%.

Western Asset Emerging Markets Debt Fund Company 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.