Rivernorth Capital Management LLC Reduces Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Rivernorth Capital Management LLC trimmed its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,350,440 shares of the company's stock after selling 236,720 shares during the quarter. Rivernorth Capital Management LLC owned 4.72% of Western Asset Emerging Markets Debt Fund worth $13,747,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EMD. Comerica Bank grew its holdings in Western Asset Emerging Markets Debt Fund by 9.5% during the 1st quarter. Comerica Bank now owns 29,655 shares of the company's stock valued at $285,000 after buying an additional 2,573 shares in the last quarter. Cetera Investment Advisers grew its holdings in Western Asset Emerging Markets Debt Fund by 9.2% during the 1st quarter. Cetera Investment Advisers now owns 270,657 shares of the company's stock valued at $2,601,000 after buying an additional 22,829 shares in the last quarter. Hoylecohen LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the 2nd quarter valued at about $172,000. Raymond James & Associates grew its holdings in Western Asset Emerging Markets Debt Fund by 8.5% during the 2nd quarter. Raymond James & Associates now owns 193,978 shares of the company's stock valued at $1,806,000 after buying an additional 15,142 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 16.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,460,726 shares of the company's stock valued at $13,599,000 after buying an additional 209,374 shares in the last quarter. Hedge funds and other institutional investors own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of EMD traded down $0.03 during trading hours on Thursday, reaching $10.12. 45,301 shares of the company's stock traded hands, compared to its average volume of 202,934. The firm's 50 day simple moving average is $9.95 and its 200-day simple moving average is $9.76. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.88 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a $0.0875 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

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.