Western Asset Emerging Markets Debt Fund (NYSE:EMD) Stock Price Up 0.8% – What’s Next?

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) shares rose 0.8% during mid-day trading on Friday . The stock traded as high as $10.74 and last traded at $10.6950. 180,750 shares changed hands during trading, a decline of 19% from the average daily volume of 223,797 shares. The stock had previously closed at $10.61.

Western Asset Emerging Markets Debt Fund Stock Up 0.8%

The business’s 50 day moving average price is $10.61 and its 200 day moving average price is $10.65.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.033 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Samalin Investment Counsel LLC lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 3.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 44,680 shares of the company’s stock valued at $475,000 after buying an additional 1,433 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock worth $916,000 after acquiring an additional 1,464 shares during the period. Comprehensive Money Management Services LLC increased its position in Western Asset Emerging Markets Debt Fund by 2.3% during the first quarter. Comprehensive Money Management Services LLC now owns 79,335 shares of the company’s stock valued at $779,000 after acquiring an additional 1,800 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Western Asset Emerging Markets Debt Fund by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 66,373 shares of the company’s stock valued at $706,000 after acquiring an additional 2,082 shares during the last quarter. Finally, Choreo LLC lifted its holdings in Western Asset Emerging Markets Debt Fund by 4.2% in the fourth quarter. Choreo LLC now owns 55,928 shares of the company’s stock valued at $611,000 after acquiring an additional 2,243 shares during the period. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.