Northwestern Mutual Wealth Management Co. Has $44,000 Stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Northwestern Mutual Wealth Management Co. grew its stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 1,221.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,772 shares of the company’s stock after purchasing an additional 4,411 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Western Asset Emerging Markets Debt Fund were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMD. Rothschild Investment LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the 2nd quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $48,000. Arkadios Wealth Advisors bought a new position in Western Asset Emerging Markets Debt Fund in the 1st quarter valued at approximately $96,000. Nomura Holdings Inc. acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $104,000. Finally, Uncommon Cents Investing LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 20.9% during the 1st quarter. Uncommon Cents Investing LLC now owns 15,600 shares of the company’s stock worth $150,000 after acquiring an additional 2,700 shares during the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of Western Asset Emerging Markets Debt Fund stock opened at $10.11 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a twelve month low of $7.85 and a twelve month high of $10.33. The company’s fifty day moving average is $9.94 and its 200 day moving average is $9.59.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a $0.0845 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.03%.

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.