PenderFund Capital Management Ltd. Has $6.51 Million Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

PenderFund Capital Management Ltd. lifted its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDFree Report) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 570,109 shares of the company’s stock after acquiring an additional 13,587 shares during the period. Western Asset Emerging Markets Debt Fund makes up approximately 2.0% of PenderFund Capital Management Ltd.’s holdings, making the stock its 14th biggest holding. PenderFund Capital Management Ltd. owned 1.99% of Western Asset Emerging Markets Debt Fund worth $6,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BDO Wealth Advisors LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the first quarter worth $26,000. Money Concepts Capital Corp acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth $30,000. Spire Wealth Management grew its stake in Western Asset Emerging Markets Debt Fund by 634.3% in the first quarter. Spire Wealth Management now owns 5,206 shares of the company’s stock valued at $45,000 after acquiring an additional 4,497 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the second quarter worth about $87,000. Finally, Waterfront Wealth Inc. acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the second quarter worth about $90,000. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD remained flat at $8.65 during trading on Tuesday. The stock had a trading volume of 56,291 shares, compared to its average volume of 176,935. The firm has a 50 day simple moving average of $8.30 and a 200-day simple moving average of $8.60. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $9.75.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be paid a $0.0845 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 11.72%. The ex-dividend date is Wednesday, December 20th.

About Western Asset Emerging Markets Debt Fund

(Free Report)

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.

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Institutional Ownership by Quarter for Western Asset Emerging Markets Debt Fund (NYSE:EMD)

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