Western Asset Emerging Markets Debt Fund (NYSE:EMD) Shares Down 0.5% – What’s Next?

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) fell 0.5% during trading on Thursday . The company traded as low as $10.33 and last traded at $10.37. 269,948 shares traded hands during trading, an increase of 15% from the average session volume of 235,482 shares. The stock had previously closed at $10.42.

Western Asset Emerging Markets Debt Fund Trading Down 0.0%

The business’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $10.65.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.033 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Western Asset Emerging Markets Debt Fund

A number of institutional investors have recently modified their holdings of EMD. Morgan Stanley boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 4.1% in the 4th quarter. Morgan Stanley now owns 8,968,464 shares of the company’s stock valued at $95,335,000 after buying an additional 354,205 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 38.1% in the 3rd quarter. Raymond James Financial Inc. now owns 491,657 shares of the company’s stock valued at $5,074,000 after buying an additional 135,673 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 20.4% in the 3rd quarter. Penserra Capital Management LLC now owns 623,598 shares of the company’s stock valued at $6,435,000 after buying an additional 105,855 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 19.6% in the 1st quarter. Bank of America Corp DE now owns 522,239 shares of the company’s stock valued at $5,128,000 after buying an additional 85,592 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 16.4% in the 4th quarter. Guggenheim Capital LLC now owns 448,049 shares of the company’s stock valued at $4,763,000 after buying an additional 63,113 shares in the last quarter. 33.05% of the stock is currently owned by institutional investors.

About Western Asset Emerging Markets Debt Fund

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.