Comerica Bank Raises Stock Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Comerica Bank boosted its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,035 shares of the company’s stock after buying an additional 1,815 shares during the period. Comerica Bank owned approximately 0.08% of Western Asset Emerging Markets Debt Fund worth $222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMD. Wells Fargo & Company MN grew its position in Western Asset Emerging Markets Debt Fund by 85.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company’s stock valued at $14,061,000 after acquiring an additional 674,337 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $3,122,000. LPL Financial LLC grew its position in Western Asset Emerging Markets Debt Fund by 34.7% in the 4th quarter. LPL Financial LLC now owns 791,328 shares of the company’s stock valued at $7,613,000 after acquiring an additional 204,050 shares in the last quarter. Invesco Ltd. boosted its holdings in 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 valued at $10,337,000 after purchasing an additional 117,651 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Western Asset Emerging Markets Debt Fund by 24.6% in the fourth quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company’s stock valued at $4,838,000 after purchasing an additional 99,437 shares in the last quarter. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Trading Up 0.3%

Shares of NYSE EMD opened at $9.68 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a twelve month low of $8.56 and a twelve month high of $10.33. The stock has a 50 day moving average of $9.43 and a two-hundred day moving average of $9.70.

Western Asset Emerging Markets Debt Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be paid a $0.095 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.14 dividend on an annualized basis and a yield of 11.78%. This is a boost from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.09.

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.