Choreo LLC Invests $461,000 in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Choreo LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 49,372 shares of the company’s stock, valued at approximately $461,000. Choreo LLC owned approximately 0.17% of Western Asset Emerging Markets Debt Fund at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EMD. National Bank of Canada FI raised its position in Western Asset Emerging Markets Debt Fund by 55.4% during the fourth quarter. National Bank of Canada FI now owns 8,819 shares of the company’s stock valued at $81,000 after acquiring an additional 3,143 shares in the last quarter. Wells Fargo & Company MN raised its position in Western Asset Emerging Markets Debt Fund by 18.9% during the fourth quarter. Wells Fargo & Company MN now owns 719,729 shares of the company’s stock valued at $6,629,000 after acquiring an additional 114,263 shares in the last quarter. D.A. Davidson & CO. raised its position in Western Asset Emerging Markets Debt Fund by 41.6% during the fourth quarter. D.A. Davidson & CO. now owns 16,000 shares of the company’s stock valued at $147,000 after acquiring an additional 4,700 shares in the last quarter. Laidlaw Wealth Management LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $192,000. Finally, PenderFund Capital Management Ltd. raised its position in Western Asset Emerging Markets Debt Fund by 2.9% during the fourth quarter. PenderFund Capital Management Ltd. now owns 419,136 shares of the company’s stock valued at $3,860,000 after acquiring an additional 11,836 shares in the last quarter. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Trading Up 0.9 %

Shares of EMD stock opened at $9.90 on Monday. The stock has a 50 day moving average of $9.76 and a 200 day moving average of $9.47. Western Asset Emerging Markets Debt Fund Inc. has a twelve month low of $7.85 and a twelve month high of $9.98.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be issued a $0.0845 dividend. This represents a $1.01 annualized dividend and a yield of 10.24%. The ex-dividend date is Monday, September 23rd.

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.