Allspring Global Investments Holdings LLC Lowers Stock Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,146,426 shares of the company's stock after selling 314,300 shares during the period. Allspring Global Investments Holdings LLC owned about 4.00% of Western Asset Emerging Markets Debt Fund worth $11,671,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EMD. Sanctuary Advisors LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth approximately $362,000. Ariadne Wealth Management LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the second quarter worth $1,022,000. Cetera Investment Advisers raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 5.7% in the second quarter. Cetera Investment Advisers now owns 286,130 shares of the company's stock worth $2,664,000 after acquiring an additional 15,473 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the second quarter valued at $216,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company's stock valued at $44,000 after acquiring an additional 4,411 shares during the last quarter. Hedge funds and other institutional investors own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Trading Down 0.5 %

EMD stock traded down $0.05 during trading on Friday, hitting $9.81. The stock had a trading volume of 205,831 shares, compared to its average volume of 203,185. The company's 50 day moving average price is $10.01 and its two-hundred day moving average price is $9.63. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $7.91 and a 1-year high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be given a $0.0845 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Thursday, November 21st.

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.