Shaker Financial Services LLC Purchases 27,878 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Shaker Financial Services LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 16.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,763 shares of the company’s stock after purchasing an additional 27,878 shares during the period. Shaker Financial Services LLC owned about 0.68% of Western Asset Emerging Markets Debt Fund worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EMD. Cercano Management LLC bought a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $11,364,000. Wells Fargo & Company MN lifted its holdings in Western Asset Emerging Markets Debt Fund by 85.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company’s stock valued at $14,061,000 after purchasing an additional 674,337 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in Western Asset Emerging Markets Debt Fund by 15.6% during the 4th quarter. Pathstone Holdings LLC now owns 2,431,764 shares of the company’s stock valued at $23,415,000 after purchasing an additional 327,811 shares during the last quarter. Raymond James Financial Inc. bought a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $3,122,000. Finally, Invesco Ltd. raised its stake in shares of Western Asset Emerging Markets Debt Fund by 12.3% in the fourth quarter. Invesco Ltd. now owns 1,074,495 shares of the company’s stock worth $10,337,000 after acquiring an additional 117,651 shares during the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 0.1%

Shares of NYSE EMD opened at $10.17 on Tuesday. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.56 and a 1-year high of $10.33. The company has a 50-day moving average of $9.96 and a two-hundred day moving average of $9.73.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 25th were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a dividend yield of 1,126.0%.

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.