Axxcess Wealth Management LLC Has $405,000 Stock Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Axxcess Wealth Management LLC reduced its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,152 shares of the company’s stock after selling 4,797 shares during the quarter. Axxcess Wealth Management LLC owned 0.15% of Western Asset Emerging Markets Debt Fund worth $405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in Western Asset Emerging Markets Debt Fund by 40.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,251,352 shares of the company’s stock worth $12,025,000 after purchasing an additional 359,404 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Western Asset Emerging Markets Debt Fund by 18.9% during the fourth quarter. Wells Fargo & Company MN now owns 719,729 shares of the company’s stock worth $6,629,000 after buying an additional 114,263 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Western Asset Emerging Markets Debt Fund by 10.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 510,119 shares of the company’s stock valued at $4,698,000 after buying an additional 48,934 shares during the last quarter. SFI Advisors LLC bought a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at $224,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Western Asset Emerging Markets Debt Fund by 6.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 397,686 shares of the company’s stock valued at $3,663,000 after acquiring an additional 23,614 shares in the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of NYSE EMD traded up $0.02 during trading on Friday, hitting $9.61. The stock had a trading volume of 137,373 shares, compared to its average volume of 207,532. The firm has a fifty day moving average of $9.50 and a two-hundred day moving average of $9.30. Western Asset Emerging Markets Debt Fund Inc. has a 12 month low of $7.85 and a 12 month high of $9.98.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be paid a $0.0845 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.55%.

About Western Asset Emerging Markets Debt Fund

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.