324,481 Shares in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 324,481 shares of the company’s stock, valued at approximately $3,122,000. Raymond James Financial Inc. owned approximately 1.13% of Western Asset Emerging Markets Debt Fund at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 1.1% during the third quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company’s stock worth $1,086,000 after purchasing an additional 1,190 shares during the period. Moloney Securities Asset Management LLC grew its position in Western Asset Emerging Markets Debt Fund by 4.0% during the fourth quarter. Moloney Securities Asset Management LLC now owns 54,745 shares of the company’s stock worth $527,000 after buying an additional 2,107 shares in the last quarter. D.A. Davidson & CO. lifted its position in Western Asset Emerging Markets Debt Fund by 3.9% during the fourth quarter. D.A. Davidson & CO. now owns 76,013 shares of the company’s stock worth $731,000 after purchasing an additional 2,862 shares during the period. Allworth Financial LP acquired a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $38,000. Finally, Insigneo Advisory Services LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 12.8% in the third quarter. Insigneo Advisory Services LLC now owns 41,408 shares of the company’s stock valued at $422,000 after buying an additional 4,713 shares in the last quarter. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of Western Asset Emerging Markets Debt Fund stock opened at $9.81 on Friday. The company’s 50 day moving average price is $9.85 and its two-hundred day moving average price is $9.89. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.09 dividend. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 10.92%.

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.