Maridea Wealth Management LLC Takes Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Maridea Wealth Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) in the fourth quarter, HoldingsChannel reports. The firm acquired 49,854 shares of the company’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMD. Allworth Financial LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $38,000. Anfield Capital Management LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $56,000. Mission Hills Financial Advisory LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter worth $108,000. Jane Street Group LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the third quarter worth $192,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth $245,000. 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 %

Western Asset Emerging Markets Debt Fund stock opened at $9.81 on Friday. The stock has a fifty day moving average price of $9.85 and a 200 day moving average price of $9.89. Western Asset Emerging Markets Debt Fund Inc. has a 52 week low of $8.89 and a 52 week high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend 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.