Park Avenue Securities LLC Raises Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Park Avenue Securities LLC lifted its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 18.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,659 shares of the company’s stock after purchasing an additional 5,136 shares during the quarter. Park Avenue Securities LLC owned about 0.11% of Western Asset Emerging Markets Debt Fund worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gould Asset Management LLC CA boosted its holdings in Western Asset Emerging Markets Debt Fund by 9.2% in the fourth quarter. Gould Asset Management LLC CA now owns 35,965 shares of the company’s stock worth $331,000 after acquiring an additional 3,035 shares in the last quarter. National Bank of Canada FI grew its position in Western Asset Emerging Markets Debt Fund by 55.4% during the 4th quarter. National Bank of Canada FI now owns 8,819 shares of the company’s stock worth $81,000 after purchasing an additional 3,143 shares during the last quarter. D.A. Davidson & CO. grew its position in Western Asset Emerging Markets Debt Fund by 41.6% during the 4th quarter. D.A. Davidson & CO. now owns 16,000 shares of the company’s stock worth $147,000 after purchasing an additional 4,700 shares during the last quarter. International Assets Investment Management LLC increased its stake in Western Asset Emerging Markets Debt Fund by 821.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,526 shares of the company’s stock valued at $51,000 after purchasing an additional 4,926 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter worth $48,000. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Trading Down 0.5 %

NYSE:EMD opened at $9.31 on Monday. The firm has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $9.25. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $7.85 and a 12 month high of $9.67.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.0845 per share. The ex-dividend date is Friday, August 23rd. This represents a $1.01 annualized dividend and a yield of 10.89%.

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.