SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Hits New 1-Year High – Should You Buy?

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) shares reached a new 52-week high on Thursday . The company traded as high as $21.88 and last traded at $21.8650, with a volume of 19713 shares changing hands. The stock had previously closed at $21.79.

SPDR Bloomberg Emerging Markets Local Bond ETF Trading Up 0.1%

The stock’s 50-day moving average is $21.48 and its 200-day moving average is $21.35.

SPDR Bloomberg Emerging Markets Local Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1028 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. This is a boost from SPDR Bloomberg Emerging Markets Local Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, February 2nd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of EBND. Kestra Advisory Services LLC increased its holdings in SPDR Bloomberg Emerging Markets Local Bond ETF by 12.5% in the 4th quarter. Kestra Advisory Services LLC now owns 11,075 shares of the company’s stock worth $237,000 after purchasing an additional 1,230 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 6.3% during the fourth quarter. CreativeOne Wealth LLC now owns 16,300 shares of the company’s stock worth $348,000 after purchasing an additional 966 shares during the last quarter. Avos Capital Management LLC increased its stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 0.8% in the fourth quarter. Avos Capital Management LLC now owns 249,682 shares of the company’s stock valued at $5,336,000 after buying an additional 2,039 shares during the period. Novus Advisors LLC raised its holdings in SPDR Bloomberg Emerging Markets Local Bond ETF by 4.0% in the 4th quarter. Novus Advisors LLC now owns 20,531 shares of the company’s stock valued at $439,000 after buying an additional 784 shares during the last quarter. Finally, Genesis Wealth Advisors LLC raised its holdings in SPDR Bloomberg Emerging Markets Local Bond ETF by 2.7% in the 4th quarter. Genesis Wealth Advisors LLC now owns 189,908 shares of the company’s stock valued at $4,058,000 after buying an additional 5,037 shares during the last quarter.

About SPDR Bloomberg Emerging Markets Local Bond ETF

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.