Comprehensive Money Management Services LLC Takes $892,000 Position in Western Asset Emerging Markets Debt Fund Inc. $EMD

Comprehensive Money Management Services LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,035 shares of the company’s stock, valued at approximately $892,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in Western Asset Emerging Markets Debt Fund by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock valued at $916,000 after buying an additional 1,464 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,373 shares of the company’s stock worth $706,000 after buying an additional 2,082 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 4.1% in the fourth quarter. Stifel Financial Corp now owns 58,028 shares of the company’s stock worth $617,000 after acquiring an additional 2,264 shares during the period. Gould Asset Management LLC CA grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 5.1% in the fourth quarter. Gould Asset Management LLC CA now owns 50,535 shares of the company’s stock worth $537,000 after acquiring an additional 2,450 shares during the period. Finally, Mariner LLC increased its position in Western Asset Emerging Markets Debt Fund by 5.2% during the third quarter. Mariner LLC now owns 50,092 shares of the company’s stock valued at $517,000 after acquiring an additional 2,477 shares during the last quarter. Hedge funds and other institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Price Performance

EMD stock opened at $10.51 on Friday. The business’s 50-day moving average is $10.60 and its two-hundred day moving average is $10.59. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $11.30.

Western Asset Emerging Markets Debt Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a $0.095 dividend. This is a boost from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03. The ex-dividend date is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 10.8%.

Western Asset Emerging Markets Debt Fund Profile

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.