Gould Asset Management LLC CA Makes New $604,000 Investment in Western Asset Emerging Markets Debt Fund Inc. $EMD

Gould Asset Management LLC CA purchased a new position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,225 shares of the company’s stock, valued at approximately $604,000.

Other large investors also recently modified their holdings of the company. Samalin Investment Counsel LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 3.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 44,680 shares of the company’s stock valued at $475,000 after acquiring an additional 1,433 shares in the last quarter. NewEdge Advisors LLC grew its position in Western Asset Emerging Markets Debt Fund by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock worth $916,000 after acquiring an additional 1,464 shares during the last quarter. Comprehensive Money Management Services LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 2.3% in the 1st quarter. Comprehensive Money Management Services LLC now owns 79,335 shares of the company’s stock worth $779,000 after purchasing an additional 1,800 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,373 shares of the company’s stock worth $706,000 after purchasing an additional 2,082 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Western Asset Emerging Markets Debt Fund by 4.1% in the fourth quarter. Stifel Financial Corp now owns 58,028 shares of the company’s stock valued at $617,000 after purchasing an additional 2,264 shares during the last quarter. 33.05% of the stock is currently owned by institutional investors.

Western Asset Emerging Markets Debt Fund Trading Up 0.3%

Western Asset Emerging Markets Debt Fund stock opened at $10.48 on Monday. The stock has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $10.61. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $9.60 and a 12 month high of $11.30.

Western Asset Emerging Markets Debt Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a $0.095 dividend. This is an increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Wednesday, September 23rd.

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.