B. Riley Wealth Advisors Inc. Sells 102,944 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

B. Riley Wealth Advisors Inc. trimmed its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,519 shares of the company’s stock after selling 102,944 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Western Asset Emerging Markets Debt Fund were worth $2,175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gould Asset Management LLC CA boosted its position in Western Asset Emerging Markets Debt Fund by 23.0% during the third quarter. Gould Asset Management LLC CA now owns 38,885 shares of the company’s stock worth $310,000 after purchasing an additional 7,275 shares during the period. Jane Street Group LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter valued at about $131,000. PenderFund Capital Management Ltd. boosted its position in shares of Western Asset Emerging Markets Debt Fund by 807.8% in the third quarter. PenderFund Capital Management Ltd. now owns 226,957 shares of the company’s stock valued at $2,502,000 after acquiring an additional 201,957 shares during the period. Logan Stone Capital LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter valued at about $212,000. Finally, Evergreen Capital Management LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund by 130.3% in the third quarter. Evergreen Capital Management LLC now owns 37,762 shares of the company’s stock valued at $304,000 after acquiring an additional 21,362 shares during the period. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of Western Asset Emerging Markets Debt Fund stock opened at $8.33 on Friday. The firm has a 50-day moving average of $9.27 and a 200-day moving average of $8.87. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $7.40 and a 52-week high of $10.91.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 24th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.08%.

Western Asset Emerging Markets Debt Fund Profile

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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.