Matisse Capital Acquires New Stakes in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

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Matisse Capital bought a new equity position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating) in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The fund bought 241,267 shares of the company, valued at around $2,589,000. The Western Asset Emerging Markets Debt Fund represents 2.4% of Matisse Capital’s portfolio, making it its 6th largest holding.

Several other hedge funds and other institutional investors also changed their positions in EMD. Larson Financial Group LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter at a value of $30,000. Wealth Quarterback LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during Q3 for a value of approximately $34,000. Retirement Planning Co of New England Inc. purchased a new stake in shares of the Western Asset Emerging Markets Debt Fund during the fourth quarter for a value of approximately $38,000. Northwestern Mutual Wealth Management Co. increased its position in Western Asset Emerging Markets Debt Fund shares by 21.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,782 shares of the company valued at $61,000 after buying 851 additional shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stock position in the Western Asset Emerging Markets Debt Fund during the fourth quarter, valued at around $182,000.

EMD lost $0.13 in Wednesday’s trading, hitting $8.66. The company’s stock had a trading volume of 125 shares, compared to an average trading volume of 362,015 shares. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $8.74 and a 12-month high of $14.30. The company’s 50-day moving average price is $9.60 and its 200-day moving average price is $10.86.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 1. Investors of record on Wednesday, August 24 will receive a dividend of $0.08. The ex-dividend date is Tuesday, August 23. This represents an annualized dividend of $0.96 and a yield of 11.09%.

About Western Asset Emerging Markets Debt Fund (Get a rating)

Western Asset Emerging Markets Debt Fund Inc is an open-end, 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 the bond markets of emerging countries worldwide.

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Institutional ownership by quarter for Western Asset Emerging Markets Debt Fund (NYSE:EMD)



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