SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Sees Large Volume Increase – Here’s What Happened

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) saw an uptick in trading volume on Friday . 776,860 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 521,160 shares.The stock last traded at $20.83 and had previously closed at $20.90.

SPDR Bloomberg Emerging Markets Local Bond ETF Trading Down 0.7%

The firm has a 50-day moving average of $21.57 and a two-hundred day moving average of $21.39.

SPDR Bloomberg Emerging Markets Local Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0909 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thompson Investment Management Inc. purchased a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF during the 3rd quarter worth about $25,000. Daytona Street Capital LLC acquired a new position in SPDR Bloomberg Emerging Markets Local Bond ETF in the 4th quarter worth about $27,000. Fifth Third Bancorp boosted its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 78.1% during the fourth quarter. Fifth Third Bancorp now owns 1,519 shares of the company’s stock worth $32,000 after purchasing an additional 666 shares in the last quarter. Triumph Capital Management acquired a new stake in SPDR Bloomberg Emerging Markets Local Bond ETF in the third quarter valued at approximately $33,000. Finally, Howe & Rusling Inc. increased its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 1,738.6% in the second quarter. Howe & Rusling Inc. now owns 1,618 shares of the company’s stock valued at $35,000 after buying an additional 1,530 shares in 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.