HighTower Advisors LLC raised its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Free Report) by 364.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,792 shares of the company's stock after buying an additional 57,115 shares during the quarter. HighTower Advisors LLC owned about 0.25% of Western Asset Emerging Markets Debt Fund worth $700,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EMD. Allworth Financial LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $38,000. Anfield Capital Management LLC purchased a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $56,000. Mission Hills Financial Advisory LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter worth approximately $108,000. Jane Street Group LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth approximately $192,000. Finally, Apollon Wealth Management LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $245,000. Institutional investors and hedge funds own 33.05% of the company's stock.
Western Asset Emerging Markets Debt Fund Stock Down 0.3 %
Shares of EMD stock traded down $0.03 during trading hours on Wednesday, hitting $9.84. The company's stock had a trading volume of 214,249 shares, compared to its average volume of 196,428. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.89 and a 12-month high of $10.33. The company has a 50 day moving average of $9.86 and a 200 day moving average of $9.89.
Western Asset Emerging Markets Debt Fund Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.09 dividend. This represents a yield of 10.92%. The ex-dividend date of this dividend was Monday, March 24th.
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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