Shaker Financial Services LLC Decreases Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Shaker Financial Services LLC trimmed its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 17.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,531 shares of the company’s stock after selling 25,490 shares during the period. Shaker Financial Services LLC owned 0.42% of Western Asset Emerging Markets Debt Fund worth $1,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the second quarter worth about $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock worth $44,000 after buying an additional 4,411 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the third quarter worth about $104,000. Hoylecohen LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the second quarter worth about $172,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the second quarter worth about $200,000. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 0.7 %

Shares of EMD stock opened at $9.78 on Thursday. The firm’s 50-day moving average is $9.98 and its two-hundred day moving average is $9.67. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.26 and a 12 month high of $10.33.

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.