Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 73.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,946 shares of the company’s stock after selling 181,101 shares during the period. Cetera Investment Advisers owned 0.23% of Western Asset Emerging Markets Debt Fund worth $644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cercano Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter worth approximately $11,364,000. Wells Fargo & Company MN raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 85.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company’s stock worth $14,061,000 after acquiring an additional 674,337 shares in the last quarter. Raymond James Financial Inc. bought a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $3,122,000. LPL Financial LLC increased its position in Western Asset Emerging Markets Debt Fund by 34.7% during the fourth quarter. LPL Financial LLC now owns 791,328 shares of the company’s stock worth $7,613,000 after buying an additional 204,050 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Western Asset Emerging Markets Debt Fund by 12.3% during 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 during the last quarter. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of Western Asset Emerging Markets Debt Fund stock opened at $9.59 on Monday. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $10.33. The firm has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $9.69.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be given a dividend of $0.095 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.14 annualized dividend and a dividend yield of 11.89%.

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.