Advisors Asset Management Inc. Increases Stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Advisors Asset Management Inc. grew its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 24.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 502,914 shares of the company’s stock after buying an additional 99,437 shares during the quarter. Advisors Asset Management Inc.’s holdings in Western Asset Emerging Markets Debt Fund were worth $4,838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMD. Integrated Wealth Concepts LLC boosted its position in Western Asset Emerging Markets Debt Fund by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company’s stock valued at $1,086,000 after buying an additional 1,190 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 4.0% during the fourth quarter. Moloney Securities Asset Management LLC now owns 54,745 shares of the company’s stock worth $527,000 after purchasing an additional 2,107 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 7.3% during the third quarter. Avior Wealth Management LLC now owns 37,207 shares of the company’s stock worth $379,000 after purchasing an additional 2,517 shares during the period. D.A. Davidson & CO. grew its stake in shares of Western Asset Emerging Markets Debt Fund by 3.9% in the fourth quarter. D.A. Davidson & CO. now owns 76,013 shares of the company’s stock worth $731,000 after purchasing an additional 2,862 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $38,000. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Up 0.8 %

NYSE EMD opened at $9.91 on Thursday. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $10.33. The stock has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $9.89.

Western Asset Emerging Markets Debt Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.09 dividend. This is a positive change from Western Asset Emerging Markets Debt Fund’s previous dividend of $0.09. The ex-dividend date of this dividend is Monday, March 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.