Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 364.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,792 shares of the company’s stock after purchasing an additional 57,115 shares during the quarter. HighTower Advisors LLC owned 0.25% of Western Asset Emerging Markets Debt Fund worth $700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Apollon Wealth Management LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter valued at approximately $245,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $602,000. Jane Street Group LLC acquired a new position in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth $192,000. Allworth Financial LP bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth about $38,000. Finally, D.A. Davidson & CO. increased its position in shares of Western Asset Emerging Markets Debt Fund by 3.9% in the 4th 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 last quarter. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Stock Down 0.5 %

Shares of EMD stock opened at $9.81 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $8.89 and a one year high of $10.33. The company’s 50-day simple moving average is $9.85 and its 200-day simple moving average is $9.89.

Western Asset Emerging Markets Debt Fund Dividend Announcement

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

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.