Samalin Investment Counsel LLC Grows Stock Holdings in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Samalin Investment Counsel LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,246 shares of the company’s stock after purchasing an additional 1,124 shares during the period. Samalin Investment Counsel LLC owned about 0.15% of Western Asset Emerging Markets Debt Fund worth $406,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of Western Asset Emerging Markets Debt Fund by 24.6% during the fourth quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company’s stock worth $4,838,000 after purchasing an additional 99,437 shares in the last quarter. Rareview Capital LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 4.3% during the fourth quarter. Rareview Capital LLC now owns 358,016 shares of the company’s stock worth $3,645,000 after purchasing an additional 14,814 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund by 364.3% during the fourth quarter. HighTower Advisors LLC now owns 72,792 shares of the company’s stock worth $700,000 after purchasing an additional 57,115 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth $3,122,000. Finally, Anfield Capital Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth $56,000. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE EMD opened at $9.89 on Monday. The company’s fifty day simple moving average is $9.84 and its 200-day simple moving average is $9.89. Western Asset Emerging Markets Debt Fund Inc. has a 52 week low of $8.89 and a 52 week high of $10.33.

Western Asset Emerging Markets Debt Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.09 dividend. The ex-dividend date of this dividend 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 Company 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.