Mutual Advisors LLC Acquires 3,568 Shares of Western Asset Emerging Markets Debt Fund Inc. $EMD

Mutual Advisors LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,881 shares of the company’s stock after purchasing an additional 3,568 shares during the quarter. Mutual Advisors LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EMD. Advisor Resource Council acquired a new position in Western Asset Emerging Markets Debt Fund during the first quarter valued at approximately $161,000. Cambridge Investment Research Advisors Inc. grew its holdings in Western Asset Emerging Markets Debt Fund by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 109,515 shares of the company’s stock valued at $1,083,000 after purchasing an additional 8,014 shares during the period. Uncommon Cents Investing LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 23.8% during the first quarter. Uncommon Cents Investing LLC now owns 35,290 shares of the company’s stock valued at $349,000 after purchasing an additional 6,790 shares during the period. Waterfront Wealth Inc. grew its holdings in Western Asset Emerging Markets Debt Fund by 15.1% during the first quarter. Waterfront Wealth Inc. now owns 11,598 shares of the company’s stock valued at $115,000 after purchasing an additional 1,522 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Western Asset Emerging Markets Debt Fund by 28.8% during the first quarter. D.A. Davidson & CO. now owns 97,926 shares of the company’s stock valued at $968,000 after purchasing an additional 21,913 shares during the period. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of NYSE EMD opened at $10.34 on Friday. The firm has a 50 day moving average price of $10.34 and a 200 day moving average price of $9.91. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $8.56 and a 52-week high of $10.59.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be issued a $0.095 dividend. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Friday, October 24th.

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.