Moloney Securities Asset Management LLC Increases Stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)
Are you interested in learning more about investing in emerging markets? If so, you’ll want to pay attention to the recent activity surrounding Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD). Moloney Securities Asset Management LLC recently increased its stake in the company by a whopping 199.2% during the first quarter, demonstrating a strong vote of confidence in the fund. Other hedge funds have also been making moves, with Wells Fargo & Company MN, D.A. Davidson & CO., and Uncommon Cents Investing LLC all increasing their holdings.
Despite this positive activity, the fund’s trading has been down slightly, with a 0.2% decrease. However, investors can still look forward to a monthly dividend being paid out on September 3rd, offering a solid return on investment. With a dividend yield of 10.78%, this could be a lucrative opportunity for those looking to diversify their portfolio.
Western Asset Emerging Markets Debt Fund Inc. is managed by Legg Mason Partners Fund Advisor, LLC and invests in fixed income markets of emerging market countries worldwide. If you’re interested in learning more about this fund and staying up to date on its performance, be sure to visit HoldingsChannel.com for the latest 13F filings and insider trades.
Overall, the recent activity surrounding Western Asset Emerging Markets Debt Fund Inc. presents an exciting opportunity for investors looking to capitalize on the potential growth of emerging markets. Stay informed and consider adding this fund to your investment portfolio for potential long-term gains.
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