Allspring Global Investments Holdings LLC boosted its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 785,586 shares of the company’s stock after purchasing an additional 76,875 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.74% of Western Asset Emerging Markets Debt Fund worth $6,268,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in EMD. Allworth Financial LP acquired a new position in Western Asset Emerging Markets Debt Fund in the second quarter valued at $25,000. Nomura Holdings Inc. purchased a new stake in Western Asset Emerging Markets Debt Fund during the second quarter valued at about $133,000. Saba Capital Management L.P. purchased a new stake in Western Asset Emerging Markets Debt Fund during the first quarter valued at about $134,000. Arkadios Wealth Advisors grew its position in Western Asset Emerging Markets Debt Fund by 7.6% during the second quarter. Arkadios Wealth Advisors now owns 17,800 shares of the company’s stock valued at $157,000 after acquiring an additional 1,253 shares during the period. Finally, Advisor Resource Council purchased a new stake in Western Asset Emerging Markets Debt Fund during the second quarter valued at about $171,000.
Western Asset Emerging Markets Debt Fund Price Performance
EMD stock opened at $9.35 on Monday. The stock has a 50-day moving average price of $8.97 and a two-hundred day moving average price of $8.81. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $7.40 and a 12-month high of $12.46.
Western Asset Emerging Markets Debt Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 24th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date of this dividend is Monday, January 23rd.
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.
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