Rivernorth Capital Management LLC Sells 236,720 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Rivernorth Capital Management LLC decreased its holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,350,440 shares of the company’s stock after selling 236,720 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $13,747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the third quarter worth about $4,833,000. International Assets Investment Management LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 918.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,108 shares of the company’s stock worth $600,000 after buying an additional 5,508 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Western Asset Emerging Markets Debt Fund by 36.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 403,477 shares of the company’s stock worth $4,107,000 after buying an additional 106,948 shares during the period. Pathstone Holdings LLC grew its position in Western Asset Emerging Markets Debt Fund by 6.4% in the third quarter. Pathstone Holdings LLC now owns 2,103,953 shares of the company’s stock valued at $21,419,000 after acquiring an additional 125,714 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in Western Asset Emerging Markets Debt Fund during the second quarter worth $1,022,000. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE EMD opened at $10.03 on Friday. The business has a fifty day moving average of $9.94 and a two-hundred day moving average of $9.79. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $8.88 and a 52-week high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.