Shaker Financial Services LLC Acquires 18,719 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Shaker Financial Services LLC increased its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 14.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 147,021 shares of the company’s stock after purchasing an additional 18,719 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rothschild Investment LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the second quarter valued at $28,000. Creekmur Asset Management LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $48,000. National Bank of Canada FI grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 55.4% during the fourth quarter. National Bank of Canada FI now owns 8,819 shares of the company’s stock worth $81,000 after purchasing an additional 3,143 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Western Asset Emerging Markets Debt Fund in the first quarter worth approximately $96,000. Finally, Nomura Holdings Inc. purchased a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $104,000. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD traded down $0.04 during trading on Thursday, reaching $9.78. The company had a trading volume of 103,930 shares, compared to its average volume of 201,015. The company has a fifty day moving average of $9.70 and a two-hundred day moving average of $9.43. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $7.85 and a 12 month high of $9.98.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.0845 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date of this dividend is Monday, September 23rd.

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.