Advisors Asset Management Inc. Grows Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Advisors Asset Management Inc. grew its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 24.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 502,914 shares of the company’s stock after buying an additional 99,437 shares during the quarter. Advisors Asset Management Inc. owned 1.76% of Western Asset Emerging Markets Debt Fund worth $4,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Rareview Capital LLC raised its position in Western Asset Emerging Markets Debt Fund by 4.3% during the fourth quarter. Rareview Capital LLC now owns 358,016 shares of the company’s stock valued at $3,645,000 after purchasing an additional 14,814 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Western Asset Emerging Markets Debt Fund by 364.3% during the 4th quarter. HighTower Advisors LLC now owns 72,792 shares of the company’s stock valued at $700,000 after purchasing an additional 57,115 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter valued at about $3,122,000. Anfield Capital Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the 4th quarter worth approximately $56,000. Finally, Laidlaw Wealth Management LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 9.2% in the fourth quarter. Laidlaw Wealth Management LLC now owns 67,550 shares of the company’s stock worth $650,000 after buying an additional 5,700 shares in the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

EMD stock opened at $9.91 on Thursday. Western Asset Emerging Markets Debt Fund Inc. has a one year low of $8.89 and a one year high of $10.33. The company’s 50 day moving average price is $9.83 and its two-hundred day moving average price is $9.89.

Western Asset Emerging Markets Debt Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a $0.09 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Western Asset Emerging Markets Debt Fund’s previous dividend of $0.09.

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.