61,396 Shares in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Bought by Matisse Capital

Matisse Capital bought a new stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,396 shares of the company’s stock, valued at approximately $572,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ironsides Asset Advisors LLC boosted its holdings in Western Asset Emerging Markets Debt Fund by 8.2% during the 1st quarter. Ironsides Asset Advisors LLC now owns 25,942 shares of the company’s stock valued at $249,000 after acquiring an additional 1,971 shares during the period. Comerica Bank raised its stake in Western Asset Emerging Markets Debt Fund by 9.5% during the first quarter. Comerica Bank now owns 29,655 shares of the company’s stock valued at $285,000 after buying an additional 2,573 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of Western Asset Emerging Markets Debt Fund by 20.9% in the 1st quarter. Uncommon Cents Investing LLC now owns 15,600 shares of the company’s stock worth $150,000 after purchasing an additional 2,700 shares during the last quarter. Gould Asset Management LLC CA lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 8.4% in the first quarter. Gould Asset Management LLC CA now owns 38,985 shares of the company’s stock worth $375,000 after buying an additional 3,020 shares in the last quarter. Finally, 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 valued at $81,000 after buying an additional 3,143 shares during the last quarter. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE EMD traded up $0.05 during mid-day trading on Friday, reaching $9.86. The stock had a trading volume of 176,933 shares, compared to its average volume of 201,479. The company has a fifty day moving average price of $9.67 and a 200 day moving average price of $9.41. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $7.85 and a 1 year high of $9.98.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be issued a $0.0845 dividend. The ex-dividend date is Monday, September 23rd. This represents a $1.01 annualized dividend and a yield of 10.28%.

Western Asset Emerging Markets Debt Fund Profile

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.