Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Stake Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,150 shares of the company’s stock after purchasing an additional 4,020 shares during the period. Envestnet Asset Management Inc. owned 0.14% of Western Asset Emerging Markets Debt Fund worth $396,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $38,000. Anfield Capital Management LLC bought a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter worth approximately $56,000. Mission Hills Financial Advisory LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at approximately $108,000. Jane Street Group LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at $192,000. Finally, Apollon Wealth Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at $245,000. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE:EMD opened at $9.39 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 business has a fifty day moving average of $9.47 and a 200-day moving average of $9.71.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.09 dividend. The ex-dividend date was Monday, March 24th. This represents a 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.