Gould Asset Management LLC CA Buys Shares of 56,225 Western Asset Emerging Markets Debt Fund Inc. $EMD

Gould Asset Management LLC CA purchased a new stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 56,225 shares of the company’s stock, valued at approximately $604,000. Gould Asset Management LLC CA owned about 0.20% of Western Asset Emerging Markets Debt Fund as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EMD. IMC Chicago LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth $184,000. Global Retirement Partners LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth $396,000. Titiun Yejiel acquired a new stake in Western Asset Emerging Markets Debt Fund in the second quarter valued at about $129,000. NewEdge Advisors LLC boosted its stake in Western Asset Emerging Markets Debt Fund by 2.2% in the first quarter. NewEdge Advisors LLC now owns 93,448 shares of the company’s stock valued at $918,000 after buying an additional 2,026 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Western Asset Emerging Markets Debt Fund by 19.6% in the first quarter. Bank of America Corp DE now owns 522,239 shares of the company’s stock valued at $5,128,000 after acquiring an additional 85,592 shares during the last quarter. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Up 0.3%

Western Asset Emerging Markets Debt Fund stock opened at $10.48 on Monday. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $9.60 and a 12-month high of $11.30. The business’s 50-day moving average price is $10.60 and its two-hundred day moving average price is $10.61.

Western Asset Emerging Markets Debt Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.095 per share. This is a boost from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 10.9%.

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.