Concurrent Investment Advisors LLC Has $212,000 Position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Concurrent Investment Advisors LLC cut its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,054 shares of the company’s stock after selling 2,302 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $212,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP bought a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter valued at about $38,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund during the third quarter worth approximately $104,000. Mission Hills Financial Advisory LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $108,000. Jane Street Group LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the third quarter worth approximately $192,000. Finally, Apollon Wealth Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $245,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

EMD opened at $9.82 on Wednesday. The business has a fifty day simple moving average of $9.81 and a 200 day simple moving average of $9.90. Western Asset Emerging Markets Debt Fund Inc. has a 1 year low of $8.89 and a 1 year high of $10.33.

Western Asset Emerging Markets Debt Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.09 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Western Asset Emerging Markets Debt Fund’s previous dividend of $0.09.

Western Asset Emerging Markets Debt Fund 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.