Maridea Wealth Management LLC Makes New Investment in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Maridea Wealth Management LLC purchased a new stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 49,854 shares of the company’s stock, valued at approximately $480,000. Maridea Wealth Management LLC owned 0.17% of Western Asset Emerging Markets Debt Fund at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $245,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $602,000. Jane Street Group LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter valued at about $192,000. Advisors Asset Management Inc. boosted its holdings in Western Asset Emerging Markets Debt Fund by 24.6% during the fourth quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company’s stock worth $4,838,000 after buying an additional 99,437 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $38,000. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Trading Down 0.5 %

EMD stock opened at $9.81 on Friday. The firm has a 50 day moving average of $9.85 and a 200-day moving average of $9.89. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.89 and a 12-month high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, March 24th. This represents a yield of 10.92%.

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.