Level Four Advisory Services LLC Trims Stock Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Level Four Advisory Services LLC reduced its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,390 shares of the company’s stock after selling 2,487 shares during the quarter. Level Four Advisory Services LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth $245,000. U.S. Capital Wealth Advisors LLC purchased a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $602,000. Jane Street Group LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the third quarter valued at about $192,000. HighTower Advisors LLC boosted its holdings in Western Asset Emerging Markets Debt Fund by 364.3% in the 4th quarter. HighTower Advisors LLC now owns 72,792 shares of the company’s stock valued at $700,000 after purchasing an additional 57,115 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Western Asset Emerging Markets Debt Fund by 24.6% during the 4th quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company’s stock worth $4,838,000 after purchasing an additional 99,437 shares during the period. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

EMD opened at $9.87 on Wednesday. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.89 and a 12 month high of $10.33. The business has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $9.89.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.09 dividend. This represents a yield of 10.92%. The ex-dividend date was Monday, March 24th.

Western Asset Emerging Markets Debt Fund Company Profile

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.