The most recent report that JTC Employer Solutions Trustee Ltd. has submitted to the SEC indicates that during the third quarter of this year, they made a new investment in Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD). The investment fund paid slightly more than $129 thousand for 16,138 shares of the company’s stock. These shares were purchased with cash. In the most recent filing that JTC Employer Solutions Trustee Ltd. submitted to the SEC, it was revealed that the company owned 0.06% of the Western Asset Emerging Markets Debt Fund.
Additional hedge funds and institutional investors have changed the proportion of the company’s stock they own within the company context. At the end of the second quarter, the total amount of Western Asset Emerging Markets Debt Fund that Cetera Investment Advisers was holding had increased by 8.0% compared to the beginning of the quarter. After making additional purchases of 16,375 shares during the relevant period, Cetera Investment Advisers now has 221,613 shares of the company’s stock, valued at $1,957,000. These shares were acquired during the period in question. Integrated Wealth Concepts LLC invested approximately 1,261,000 dollars during the second quarter in the Western Asset Emerging Markets Debt Fund. This action was taken to increase the firm’s holdings in the fund. The amount of money that PenderFund Capital Management Ltd. put into the Western Asset Emerging Markets Debt Fund during the second quarter was approximately 284,000 dollars higher than the amount it put in during the first quarter. During the second quarter, Gould Asset Management LLC CA increased the percentage of the Western Asset Emerging Markets Debt Fund holding by 9.1 percent. Gould Asset Management LLC (CA) has increased its holdings to a total value of $279,000 by purchasing 2,640 additional shares of the company’s stock since the beginning of this quarter. And finally, during the second quarter of 2018, Arkadios Wealth Advisors raised the amount of its total investment in the Western Asset Emerging Markets Debt Fund to a greater percentage than it had previously. After making a new purchase of 1,253 shares during the most recent fiscal quarter, Arkadios Wealth Advisors now has 17,800 shares, valued at $157,000. This brings the total number of shares the firm owns in the company to 17,800.
The price of EMD stock when the market closed for the day on Monday was $9.35, which was $0.03 lower than its opening price. The company’s daily average of 204,944 shares traded was significantly lower than the number of shares that changed hands, which was only 3,308. During the previous twelve months, the price of an investment in the Western Asset Emerging Markets Debt Fund Inc. went as low as $7.40 and as high as $12.46. The moving averages for the last 50 and 200 days of the company’s stock price are currently at $8.97 and $8.81, respectively.
In addition, the company declared a monthly dividend.