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Bank of America Adds Western Asset Emerging Markets Debt Fund to Portfolio

Guavy AI Editorial Team
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Bank of America Corp DE has acquired a significant stake in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) after purchasing 527,910 shares during the second quarter.

The acquisition is valued at approximately $5,670,000 and represents about 1.84% of the company's outstanding shares.

This is not an isolated incident as several other institutional investors have also increased their stakes in EMD, including Royal Bank of Canada, NewEdge Advisors LLC, Comprehensive Money Management Services LLC, and Janney Montgomery Scott LLC.

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