Mission Hills Financial Advisory LLC Purchases New Shares in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Mission Hills Financial Advisory LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,270 shares of the company’s stock, valued at approximately $108,000.

A number of other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock valued at $44,000 after purchasing an additional 4,411 shares in the last quarter. International Assets Investment Management LLC increased its stake in Western Asset Emerging Markets Debt Fund by 918.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,108 shares of the company’s stock valued at $600,000 after buying an additional 5,508 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter worth approximately $104,000. Jane Street Group LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth approximately $192,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter worth approximately $216,000. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Stock Up 0.1 %

Shares of EMD opened at $9.74 on Friday. The stock has a 50 day moving average of $9.83 and a 200 day moving average of $9.85. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.88 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Friday, January 24th.

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.