Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC decreased its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,350,440 shares of the company's stock after selling 236,720 shares during the period. Rivernorth Capital Management LLC owned about 4.72% of Western Asset Emerging Markets Debt Fund worth $13,747,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the second quarter worth about $28,000. Northwestern Mutual Wealth Management Co. increased its holdings in Western Asset Emerging Markets Debt Fund by 1,221.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company's stock worth $44,000 after purchasing an additional 4,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter valued at approximately $104,000. Hoylecohen LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter valued at approximately $172,000. Finally, Jane Street Group LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at approximately $192,000. Institutional investors and hedge funds own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Trading Up 0.1 %

EMD traded up $0.01 during trading on Friday, hitting $10.04. The company had a trading volume of 113,021 shares, compared to its average volume of 201,587. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.88 and a 1-year high of $10.33. The business has a 50-day moving average of $9.94 and a 200-day moving average of $9.79.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.0875 per share. The ex-dividend date is Monday, December 23rd.

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.