Comprehensive Money Management Services LLC Acquires Shares of 83,035 Western Asset Emerging Markets Debt Fund Inc. $EMD

Comprehensive Money Management Services LLC bought a new position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 83,035 shares of the company’s stock, valued at approximately $892,000. Comprehensive Money Management Services LLC owned approximately 0.29% of Western Asset Emerging Markets Debt Fund at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Waterfront Wealth Inc. purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter worth about $106,000. Equitable Holdings Inc. purchased a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $118,000. Evolve Private Wealth LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $124,000. HRT Financial LP bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $127,000. Finally, Titiun Yejiel bought a new stake in Western Asset Emerging Markets Debt Fund during the 2nd quarter valued at about $129,000. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 0.2%

Shares of Western Asset Emerging Markets Debt Fund stock opened at $10.51 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $9.60 and a 52-week high of $11.30. The company has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $10.59.

Western Asset Emerging Markets Debt Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.095 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. This is an increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset Emerging Markets Debt Fund Profile

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.