Penserra Capital Management LLC Has $10.03 Million Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Penserra Capital Management LLC raised its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,163,147 shares of the company’s stock after purchasing an additional 72,509 shares during the quarter. Penserra Capital Management LLC owned 4.06% of Western Asset Emerging Markets Debt Fund worth $10,026,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EMD. BDO Wealth Advisors LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the first quarter worth approximately $26,000. Money Concepts Capital Corp acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth approximately $30,000. Spire Wealth Management increased its position in Western Asset Emerging Markets Debt Fund by 634.3% in the 1st quarter. Spire Wealth Management now owns 5,206 shares of the company’s stock worth $45,000 after purchasing an additional 4,497 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth about $87,000. Finally, Waterfront Wealth Inc. acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter valued at about $90,000. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Trading Down 0.2 %

Shares of NYSE EMD traded down $0.02 during trading hours on Tuesday, hitting $8.63. The stock had a trading volume of 18,864 shares, compared to its average volume of 176,778. The firm’s 50-day moving average price is $8.30 and its two-hundred day moving average price is $8.60. Western Asset Emerging Markets Debt Fund Inc. has a 52 week low of $7.85 and a 52 week high of $9.75.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.0845 per share. The ex-dividend date is Wednesday, December 20th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 11.75%.

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.