Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 73.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,211 shares of the company’s stock after purchasing an additional 108,941 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.90% of Western Asset Emerging Markets Debt Fund worth $2,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMD. Allspring Global Investments Holdings LLC raised its stake in Western Asset Emerging Markets Debt Fund by 40.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,251,352 shares of the company’s stock valued at $12,025,000 after acquiring an additional 359,404 shares in the last quarter. Wells Fargo & Company MN grew its stake in Western Asset Emerging Markets Debt Fund by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 719,729 shares of the company’s stock valued at $6,629,000 after purchasing an additional 114,263 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Western Asset Emerging Markets Debt Fund by 10.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 510,119 shares of the company’s stock valued at $4,698,000 after purchasing an additional 48,934 shares in the last quarter. PenderFund Capital Management Ltd. grew its stake in Western Asset Emerging Markets Debt Fund by 2.9% in the fourth quarter. PenderFund Capital Management Ltd. now owns 419,136 shares of the company’s stock valued at $3,860,000 after purchasing an additional 11,836 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Western Asset Emerging Markets Debt Fund by 1.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 405,362 shares of the company’s stock valued at $3,896,000 after purchasing an additional 7,676 shares in the last quarter. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

NYSE EMD traded up $0.02 on Friday, reaching $9.61. The stock had a trading volume of 137,373 shares, compared to its average volume of 207,532. The business has a 50 day moving average price of $9.50 and a 200 day moving average price of $9.30. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $7.85 and a 1 year high of $9.98.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a $0.0845 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.55%.

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.