Western Asset Emerging Markets Debt Fund (NYSE:EMD) Stock Price Down 0.5% – Should You Sell?

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) shares traded down 0.5% on Friday . The stock traded as low as $10.60 and last traded at $10.6440. 407,437 shares changed hands during trading, an increase of 84% from the average daily volume of 221,940 shares. The stock had previously closed at $10.70.

Western Asset Emerging Markets Debt Fund Price Performance

The business’s fifty day moving average price is $10.59 and its 200-day moving average price is $10.65.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.033 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Waterfront Wealth Inc. purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter valued at $106,000. Equitable Holdings Inc. bought a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at $118,000. Evolve Private Wealth LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at $124,000. HRT Financial LP purchased a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $127,000. Finally, Arkadios Wealth Advisors grew its position in Western Asset Emerging Markets Debt Fund by 23.3% during the first quarter. Arkadios Wealth Advisors now owns 14,157 shares of the company’s stock worth $139,000 after buying an additional 2,673 shares in the last quarter. 33.05% of the stock is owned by institutional investors.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.