Merit Financial Group LLC Invests $255,000 in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Merit Financial Group LLC bought a new stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,756 shares of the company’s stock, valued at approximately $255,000. Merit Financial Group LLC owned about 0.09% of Western Asset Emerging Markets Debt Fund as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP bought a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $38,000. Putney Financial Group LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $46,000. Anfield Capital Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $56,000. Vivaldi Capital Management LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $161,000. Finally, Jefferies Financial Group Inc. bought a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $192,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Up 0.3%

EMD opened at $9.81 on Friday. The business’s 50-day simple moving average is $9.41 and its 200 day simple moving average is $9.68. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $8.56 and a 52-week high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm 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 of this dividend is Friday, August 22nd. This represents a $1.14 annualized dividend and a yield of 11.62%.

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.