International Assets Investment Management LLC Acquires 5,508 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

International Assets Investment Management LLC boosted its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 918.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,108 shares of the company’s stock after acquiring an additional 5,508 shares during the period. International Assets Investment Management LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $600,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 16.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,460,726 shares of the company’s stock valued at $13,599,000 after purchasing an additional 209,374 shares in the last quarter. Cetera Investment Advisers lifted its position in Western Asset Emerging Markets Debt Fund by 5.7% during the 2nd quarter. Cetera Investment Advisers now owns 286,130 shares of the company’s stock valued at $2,664,000 after acquiring an additional 15,473 shares during the period. Advisors Asset Management Inc. lifted its position in Western Asset Emerging Markets Debt Fund by 73.0% during the 1st quarter. Advisors Asset Management Inc. now owns 258,211 shares of the company’s stock valued at $2,481,000 after acquiring an additional 108,941 shares during the period. Cetera Advisors LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the 1st quarter valued at about $2,382,000. Finally, Raymond James & Associates lifted its position in Western Asset Emerging Markets Debt Fund by 8.5% during the 2nd quarter. Raymond James & Associates now owns 193,978 shares of the company’s stock valued at $1,806,000 after acquiring an additional 15,142 shares during the period. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE EMD opened at $9.71 on Wednesday. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $8.26 and a 1 year high of $10.33. The firm has a 50-day moving average of $9.99 and a 200 day moving average of $9.66.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be given a dividend of $0.0845 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.01 dividend on an annualized basis and a yield of 10.44%.

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.