Western Asset Emerging Markets Debt Fund (NYSE:EMD) Shares Down 0.5% – Time to Sell?

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) fell 0.5% during trading on Friday . The company traded as low as $10.60 and last traded at $10.6440. 407,437 shares were traded during trading, an increase of 84% from the average session volume of 221,940 shares. The stock had previously closed at $10.70.

Western Asset Emerging Markets Debt Fund Stock Down 0.5%

The stock’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.65.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.033 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EMD. Waterfront Wealth Inc. purchased a new stake in Western Asset Emerging Markets Debt Fund during the 1st quarter valued at about $106,000. Equitable Holdings Inc. purchased a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter worth approximately $118,000. Evolve Private Wealth LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $124,000. HRT Financial LP purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $127,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 23.3% in the first quarter. Arkadios Wealth Advisors now owns 14,157 shares of the company’s stock worth $139,000 after purchasing an additional 2,673 shares during the last quarter. Hedge funds and other institutional investors own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

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.