B. Riley Wealth Advisors Inc. Buys 48,934 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

B. Riley Wealth Advisors Inc. raised its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 510,119 shares of the company’s stock after purchasing an additional 48,934 shares during the period. B. Riley Wealth Advisors Inc. owned 1.78% of Western Asset Emerging Markets Debt Fund worth $4,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted 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 valued at $6,629,000 after purchasing an additional 114,263 shares during the last quarter. Clough Capital Partners L P bought a new stake in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter worth $510,000. SFI Advisors LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the fourth quarter worth $224,000. Raymond James Financial Services Advisors Inc. increased its stake in Western Asset Emerging Markets Debt Fund by 6.3% in the fourth 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 during the last quarter. Finally, Laidlaw Wealth Management LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $192,000. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Trading Up 0.2 %

EMD opened at $9.54 on Tuesday. Western Asset Emerging Markets Debt Fund Inc. has a 12-month low of $7.85 and a 12-month high of $9.67. The stock has a 50-day moving average price of $9.27 and a 200-day moving average price of $9.23.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a dividend of $0.0845 per share. This represents a $1.01 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date is Friday, August 23rd.

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.