Penserra Capital Management LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 474,824 shares of the company's stock, valued at approximately $4,833,000. Penserra Capital Management LLC owned approximately 1.66% of Western Asset Emerging Markets Debt Fund at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Rothschild Investment LLC bought a new position in Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $44,000 after purchasing an additional 4,411 shares during the period. International Assets Investment Management LLC grew its stake in Western Asset Emerging Markets Debt Fund by 918.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,108 shares of the company's stock valued at $600,000 after purchasing an additional 5,508 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Western Asset Emerging Markets Debt Fund in the 3rd quarter valued at $104,000. Finally, Hoylecohen LLC bought a new position in Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at $172,000. Institutional investors own 33.05% of the company's stock.
Western Asset Emerging Markets Debt Fund Stock Down 0.2 %
Shares of NYSE EMD traded down $0.02 during trading on Monday, reaching $9.92. 235,786 shares of the stock traded hands, compared to its average volume of 205,160. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $8.53 and a 52-week high of $10.33. The company has a 50-day moving average of $9.97 and a 200-day moving average of $9.73.
Western Asset Emerging Markets Debt Fund Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.0875 per share. 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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