SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (NYSEARCA:EBND) Hits New 1-Year Low – Here’s Why

SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (NYSEARCA:EBND) hit a new 52-week low on Friday . The company traded as low as $19.51 and last traded at $19.56, with a volume of 39637 shares traded. The stock had previously closed at $19.64.

SPDR Bloomberg Barclays Emerging Markets Local Bond ETF Price Performance

The company’s 50-day moving average price is $19.88 and its two-hundred day moving average price is $20.30.

Hedge Funds Weigh In On SPDR Bloomberg Barclays Emerging Markets Local Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. City State Bank increased its stake in shares of SPDR Bloomberg Barclays Emerging Markets Local Bond ETF by 3.4% in the third quarter. City State Bank now owns 215,732 shares of the company’s stock valued at $4,589,000 after buying an additional 7,160 shares during the period. Richardson Financial Services Inc. boosted its holdings in SPDR Bloomberg Barclays Emerging Markets Local Bond ETF by 2.7% in the third quarter. Richardson Financial Services Inc. now owns 19,751 shares of the company’s stock valued at $394,000 after acquiring an additional 518 shares during the last quarter. Farther Finance Advisors LLC increased its position in SPDR Bloomberg Barclays Emerging Markets Local Bond ETF by 27.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 71,298 shares of the company’s stock valued at $1,517,000 after purchasing an additional 15,526 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of SPDR Bloomberg Barclays Emerging Markets Local Bond ETF in the 3rd quarter worth approximately $264,000.

SPDR Bloomberg Barclays 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.