Mutual Advisors LLC Reduces Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Mutual Advisors LLC lowered its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,381 shares of the company’s stock after selling 9,511 shares during the period. Mutual Advisors LLC owned approximately 0.23% of Western Asset Emerging Markets Debt Fund worth $602,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Advisor Resource Council purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $179,000. Comerica Bank bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter worth $244,000. Ameriprise Financial Inc. increased its stake in shares of Western Asset Emerging Markets Debt Fund by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 314,087 shares of the company’s stock worth $2,607,000 after buying an additional 17,025 shares during the last quarter. Clough Capital Partners L P bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter worth $510,000. Finally, Stifel Financial Corp increased its stake in shares of Western Asset Emerging Markets Debt Fund by 4.0% in the third quarter. Stifel Financial Corp now owns 47,563 shares of the company’s stock worth $395,000 after buying an additional 1,833 shares during the last quarter. Hedge funds and other institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of NYSE:EMD opened at $9.53 on Thursday. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $7.85 and a 12-month high of $9.55. The company has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $8.84.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.0845 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.01 annualized dividend and a yield of 10.64%.

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.