Occidental Asset Management LLC Buys New Shares in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Occidental Asset Management LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,497 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMD. Morgan Stanley increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 6.0% in the fourth quarter. Morgan Stanley now owns 10,992,922 shares of the company’s stock valued at $100,146,000 after purchasing an additional 617,742 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 1.6% during the second quarter. Rivernorth Capital Management LLC now owns 1,698,344 shares of the company’s stock worth $14,640,000 after purchasing an additional 26,109 shares during the period. Invesco Ltd. raised its position in shares of Western Asset Emerging Markets Debt Fund by 3.3% in the first quarter. Invesco Ltd. now owns 1,137,630 shares of the company’s stock valued at $12,207,000 after buying an additional 35,820 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 15.4% in the first quarter. Penserra Capital Management LLC now owns 919,896 shares of the company’s stock valued at $9,870,000 after buying an additional 122,542 shares during the period. Finally, UBS Group AG grew its position in Western Asset Emerging Markets Debt Fund by 12.7% during the first quarter. UBS Group AG now owns 825,502 shares of the company’s stock worth $8,858,000 after buying an additional 92,757 shares in the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 0.8 %

Shares of NYSE EMD traded up $0.08 during mid-day trading on Friday, reaching $9.61. The company had a trading volume of 247,347 shares, compared to its average volume of 238,394. The business’s 50-day simple moving average is $9.18 and its 200 day simple moving average is $8.85. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $7.85 and a one year high of $9.61.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be paid a dividend of $0.0845 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.01 annualized dividend and a yield of 10.55%.

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.