U.S. Capital Wealth Advisors LLC Makes New Investment in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

U.S. Capital Wealth Advisors LLC acquired a new position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 62,600 shares of the company's stock, valued at approximately $602,000. U.S. Capital Wealth Advisors LLC owned approximately 0.22% of Western Asset Emerging Markets Debt Fund at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company's stock worth $44,000 after acquiring an additional 4,411 shares during the last quarter. International Assets Investment Management LLC boosted 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 worth $600,000 after purchasing an additional 5,508 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at about $104,000. Mission Hills Financial Advisory LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $108,000. Finally, Jane Street Group LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the third quarter worth about $192,000. Hedge funds and other institutional investors own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD traded up $0.01 during trading on Friday, hitting $10.01. The company's stock had a trading volume of 188,459 shares, compared to its average volume of 177,154. The company has a 50-day moving average of $9.84 and a 200-day moving average of $9.87. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.89 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were paid a dividend of $0.0875 per share. This represents a dividend yield of 10.66%. The ex-dividend date of this dividend was Friday, January 24th.

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.