Readystate Asset Management LP increased its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report) by 193.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 52,971 shares of the company’s stock after buying an additional 34,916 shares during the quarter. Readystate Asset Management LP’s holdings in Western Asset Emerging Markets Debt Fund were worth $524,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Putney Financial Group LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth $46,000. Waterfront Wealth Inc. boosted its position in shares of Western Asset Emerging Markets Debt Fund by 15.1% in the 1st 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. Vivaldi Capital Management LP purchased a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter worth about $161,000. Advisor Resource Council purchased a new position in Western Asset Emerging Markets Debt Fund in the 1st quarter worth about $161,000. Finally, Jefferies Financial Group Inc. purchased a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter worth about $192,000. Institutional investors and hedge funds own 33.05% of the company’s stock.
Western Asset Emerging Markets Debt Fund Price Performance
Shares of EMD opened at $10.16 on Thursday. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.56 and a 1-year high of $10.33. The business’s 50-day moving average price is $9.87 and its 200 day moving average price is $9.71.
Western Asset Emerging Markets Debt Fund Dividend Announcement
Western Asset Emerging Markets Debt Fund 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.
Further Reading
- Five stocks we like better than Western Asset Emerging Markets Debt Fund
- How Technical Indicators Can Help You Find Oversold StocksĀ
- Rocket Lab: A Parabolic Run Meets a Healthy Pullback
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Falling Fast, Rising Soon? 3 Stocks With Upside Ahead
- What is a Secondary Public Offering? What Investors Need to Know
- The Top 120 Lesser-Known Affordable Luxury Vacation Spots in the U.S.
Want to see what other hedge funds are holding EMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report).
Receive News & Ratings for Western Asset Emerging Markets Debt Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Emerging Markets Debt Fund and related companies with MarketBeat.com's FREE daily email newsletter.