SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Reaches New 1-Year High – Here’s What Happened

Shares of SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) hit a new 52-week high during trading on Wednesday . The company traded as high as $21.90 and last traded at $21.8940, with a volume of 26018 shares trading hands. The stock had previously closed at $21.82.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Performance

The stock has a 50 day moving average of $21.58 and a 200 day moving average of $21.39.

SPDR Bloomberg Emerging Markets Local Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1028 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from SPDR Bloomberg Emerging Markets Local Bond ETF’s previous monthly dividend of $0.10.

Institutional Investors Weigh In On SPDR Bloomberg Emerging Markets Local Bond ETF

Several institutional investors have recently bought and sold shares of EBND. WealthPoint Financial LLC bought a new position in SPDR Bloomberg Emerging Markets Local Bond ETF during the 4th quarter valued at $348,000. Mercer Global Advisors Inc. ADV boosted its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 8.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,318 shares of the company’s stock valued at $327,000 after buying an additional 1,195 shares in the last quarter. Summit Global Investments grew its holdings in SPDR Bloomberg Emerging Markets Local Bond ETF by 1.5% during the fourth quarter. Summit Global Investments now owns 236,308 shares of the company’s stock worth $5,050,000 after acquiring an additional 3,566 shares during the period. First Citizens Bank & Trust Co. raised its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 1.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 118,591 shares of the company’s stock worth $2,534,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in SPDR Bloomberg Emerging Markets Local Bond ETF by 12.6% in the 4th quarter. Cetera Investment Advisers now owns 102,084 shares of the company’s stock valued at $2,182,000 after acquiring an additional 11,400 shares during the last quarter.

SPDR Bloomberg Emerging Markets Local Bond ETF Company Profile

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.