Concurrent Investment Advisors LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report) by 13.2% in the third quarter, Holdings Channel reports. The firm owned 24,356 shares of the company’s stock after acquiring an additional 2,844 shares during the period. Concurrent Investment Advisors LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $248,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the second quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock valued at $44,000 after acquiring an additional 4,411 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth $104,000. Hoylecohen LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at $172,000. Finally, EP Wealth Advisors LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the second quarter valued at about $216,000. Hedge funds and other institutional investors own 33.05% of the company’s stock.
Western Asset Emerging Markets Debt Fund Stock Down 1.3 %
Shares of NYSE EMD opened at $9.83 on Tuesday. Western Asset Emerging Markets Debt Fund Inc. has a 1-year low of $8.26 and a 1-year high of $10.33. The business has a 50-day moving average of $9.98 and a 200-day moving average of $9.69.
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.
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Want to see what other hedge funds are holding EMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Free Report).
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