Guggenheim Capital LLC Buys 12,170 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Posted by Defense World Staff on Aug 30th, 2023

Guggenheim Capital LLC raised its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 288,181 shares of the company’s stock after acquiring an additional 12,170 shares during the period. Guggenheim Capital LLC owned approximately 1.01% of Western Asset Emerging Markets Debt Fund worth $2,475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EMD. Morgan Stanley lifted its stake in Western Asset Emerging Markets Debt Fund by 6.0% during the 4th quarter. Morgan Stanley now owns 10,992,922 shares of the company’s stock valued at $100,146,000 after acquiring an additional 617,742 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Western Asset Emerging Markets Debt Fund by 102.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 551,217 shares of the company’s stock valued at $5,022,000 after purchasing an additional 278,698 shares during the last quarter. Logan Stone Capital LLC increased its position in shares of Western Asset Emerging Markets Debt Fund by 927.7% during the 4th quarter. Logan Stone Capital LLC now owns 272,781 shares of the company’s stock valued at $2,485,000 after purchasing an additional 246,238 shares during the last quarter. PenderFund Capital Management Ltd. increased its position in shares of Western Asset Emerging Markets Debt Fund by 80.6% during the 4th quarter. PenderFund Capital Management Ltd. now owns 409,810 shares of the company’s stock valued at $5,055,000 after purchasing an additional 182,853 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Western Asset Emerging Markets Debt Fund by 52.1% during the 1st quarter. LPL Financial LLC now owns 454,962 shares of the company’s stock valued at $3,908,000 after purchasing an additional 155,825 shares during the last quarter. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Down 0.6 %

NYSE EMD opened at $8.93 on Wednesday. Western Asset Emerging Markets Debt Fund Inc. has a 52 week low of $7.40 and a 52 week high of $9.75. The company has a 50-day moving average price of $8.85 and a 200-day moving average price of $8.78.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd will be given a dividend of $0.0845 per share. This represents a $1.01 annualized dividend and a dividend yield of 11.36%. The ex-dividend date of this dividend is Thursday, September 21st.

Western Asset Emerging Markets Debt Fund Company Profile

(Free Report)

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.