Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Stake Trimmed by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 50.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,579 shares of the company’s stock after selling 103,428 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Western Asset Emerging Markets Debt Fund were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EMD. Rothschild Investment LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the second quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock valued at $44,000 after purchasing an additional 4,411 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 918.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,108 shares of the company’s stock worth $600,000 after buying an additional 5,508 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth about $104,000. Finally, Jane Street Group LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth approximately $192,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Down 1.3 %

Shares of NYSE EMD opened at $9.93 on Wednesday. The company has a 50-day moving average of $9.92 and a two-hundred day moving average of $9.81. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.88 and a 1-year high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Western Asset Emerging Markets Debt Fund 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.