Uncommon Cents Investing LLC Purchases 8,600 Shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

Uncommon Cents Investing LLC lifted its position in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 43.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 28,500 shares of the company’s stock after buying an additional 8,600 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Mission Hills Financial Advisory LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth $108,000. Insigneo Advisory Services LLC grew its position in Western Asset Emerging Markets Debt Fund by 12.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,408 shares of the company’s stock worth $422,000 after purchasing an additional 4,713 shares during the period. Jane Street Group LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at $192,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company’s stock valued at $1,086,000 after buying an additional 1,190 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 42.4% in the 3rd quarter. D.A. Davidson & CO. now owns 73,151 shares of the company’s stock worth $745,000 after buying an additional 21,793 shares during the last quarter. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of NYSE:EMD opened at $9.74 on Monday. The stock’s 50-day simple moving average is $9.83 and its two-hundred day simple moving average is $9.85. 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 firm also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Friday, January 24th.

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.