Osaic Holdings Inc. Grows Stake in Western Asset Emerging Markets Debt Fund Inc. $EMD

Osaic Holdings Inc. boosted its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 103.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,904 shares of the company’s stock after acquiring an additional 81,318 shares during the quarter. Osaic Holdings Inc. owned about 0.56% of Western Asset Emerging Markets Debt Fund worth $1,607,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. increased its position in shares of Western Asset Emerging Markets Debt Fund by 8.4% during the 1st quarter. Raymond James Financial Inc. now owns 351,711 shares of the company’s stock valued at $3,478,000 after purchasing an additional 27,230 shares during the last quarter. Advisors Asset Management Inc. increased its position in Western Asset Emerging Markets Debt Fund by 28.2% during the first quarter. Advisors Asset Management Inc. now owns 644,690 shares of the company’s stock valued at $6,376,000 after acquiring an additional 141,776 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Western Asset Emerging Markets Debt Fund by 1.7% during the first quarter. Integrated Wealth Concepts LLC now owns 109,777 shares of the company’s stock valued at $1,086,000 after acquiring an additional 1,789 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Western Asset Emerging Markets Debt Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock valued at $916,000 after acquiring an additional 1,464 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 551.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 32,691 shares of the company’s stock worth $323,000 after acquiring an additional 27,674 shares during the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Trading Up 0.9%

Shares of NYSE:EMD opened at $10.82 on Wednesday. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $8.56 and a 12 month high of $10.94. The firm’s 50-day moving average is $10.59 and its 200 day moving average is $10.35.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.095 dividend. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Friday, February 20th.

Western Asset Emerging Markets Debt Fund Profile

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.