Shaker Financial Services LLC Increases Stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Shaker Financial Services LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 38.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 167,885 shares of the company’s stock after acquiring an additional 46,354 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $1,615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at $38,000. Anfield Capital Management LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at approximately $56,000. Mission Hills Financial Advisory LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth $108,000. Jane Street Group LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth about $192,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $245,000. 33.05% of the stock is currently owned by institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 1.2 %

EMD stock opened at $9.11 on Monday. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.56 and a 12 month high of $10.33. The firm’s fifty day simple moving average is $9.60 and its 200-day simple moving average is $9.78.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 10.92%.

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.