SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Reaches New 1-Year High – Still a Buy?

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

SPDR Bloomberg Emerging Markets Local Bond ETF Price Performance

The business’s 50 day moving average price is $21.46 and its 200-day moving average price is $21.34.

SPDR Bloomberg Emerging Markets Local Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1028 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a boost 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 and hedge funds have recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new stake in SPDR Bloomberg Emerging Markets Local Bond ETF during the second quarter valued at $25,000. Thompson Investment Management Inc. acquired a new position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the 3rd quarter valued at about $25,000. Daytona Street Capital LLC bought a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF during the 4th quarter valued at about $27,000. Fifth Third Bancorp grew its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 78.1% during the 4th quarter. Fifth Third Bancorp now owns 1,519 shares of the company’s stock valued at $32,000 after buying an additional 666 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in SPDR Bloomberg Emerging Markets Local Bond ETF during the third quarter worth about $33,000.

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.