Western Asset Emerging Markets Debt Fund Inc. $EMD Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 551.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,691 shares of the company’s stock after buying an additional 27,674 shares during the period. Geneos Wealth Management Inc. owned approximately 0.11% of Western Asset Emerging Markets Debt Fund worth $323,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Western Asset Emerging Markets Debt Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock worth $916,000 after purchasing an additional 1,464 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Western Asset Emerging Markets Debt Fund by 1.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 109,777 shares of the company’s stock valued at $1,086,000 after buying an additional 1,789 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Western Asset Emerging Markets Debt Fund by 28.2% during the 1st quarter. Advisors Asset Management Inc. now owns 644,690 shares of the company’s stock valued at $6,376,000 after buying an additional 141,776 shares during the period. WPG Advisers LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter worth about $69,000. Finally, Landscape Capital Management L.L.C. raised its position in shares of Western Asset Emerging Markets Debt Fund by 301.5% during the 1st quarter. Landscape Capital Management L.L.C. now owns 72,628 shares of the company’s stock worth $718,000 after buying an additional 54,541 shares in the last quarter. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Trading Up 0.2%

Western Asset Emerging Markets Debt Fund stock opened at $10.44 on Tuesday. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.56 and a 12-month high of $10.49. The firm has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $9.82.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be paid a $0.095 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, October 24th.

Western Asset Emerging Markets Debt Fund 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.