Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC cut its stake in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 17.3% in the third quarter, Holdings Channel.com reports. The fund owned 121,531 shares of the company’s stock after selling 25,490 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $1,247,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EMD. Ironsides Asset Advisors LLC increased its position in shares of Western Asset Emerging Markets Debt Fund by 8.2% during the first quarter. Ironsides Asset Advisors LLC now owns 25,942 shares of the company’s stock valued at $249,000 after acquiring an additional 1,971 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 73.0% in the first quarter. Advisors Asset Management Inc. now owns 258,211 shares of the company’s stock valued at $2,481,000 after purchasing an additional 108,941 shares in the last quarter. Comerica Bank grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 9.5% in the first quarter. Comerica Bank now owns 29,655 shares of the company’s stock valued at $285,000 after purchasing an additional 2,573 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 9.2% in the first quarter. Cetera Investment Advisers now owns 270,657 shares of the company’s stock valued at $2,601,000 after purchasing an additional 22,829 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the first quarter valued at approximately $2,382,000. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of EMD stock opened at $9.78 on Thursday. Western Asset Emerging Markets Debt Fund Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $10.33. The company has a 50 day moving average price of $9.98 and a 200 day moving average price of $9.67.

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.