Penserra Capital Management LLC Buys 105,855 Shares of Western Asset Emerging Markets Debt Fund Inc. $EMD

Penserra Capital Management LLC lifted its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 623,598 shares of the company’s stock after purchasing an additional 105,855 shares during the period. Penserra Capital Management LLC owned 2.18% of Western Asset Emerging Markets Debt Fund worth $6,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. increased its holdings in Western Asset Emerging Markets Debt Fund by 103.5% during the second quarter. Osaic Holdings Inc. now owns 159,904 shares of the company’s stock worth $1,607,000 after buying an additional 81,318 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Western Asset Emerging Markets Debt Fund by 14.3% during the 2nd quarter. Guggenheim Capital LLC now owns 270,825 shares of the company’s stock worth $2,722,000 after purchasing an additional 33,845 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 433,984 shares of the company’s stock valued at $4,362,000 after purchasing an additional 24,936 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 359,324 shares of the company’s stock valued at $3,612,000 after purchasing an additional 18,873 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in Western Asset Emerging Markets Debt Fund by 16.9% in the 2nd quarter. D.A. Davidson & CO. now owns 114,513 shares of the company’s stock valued at $1,151,000 after purchasing an additional 16,587 shares during the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE EMD opened at $11.03 on Friday. The business’s 50 day moving average price is $10.78 and its two-hundred day moving average price is $10.50. Western Asset Emerging Markets Debt Fund Inc. has a twelve month low of $8.56 and a twelve month high of $11.06.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.095 dividend. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Friday, February 20th.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.