SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (NYSEARCA:EBND) Reaches New 12-Month Low – Time to Sell?

Shares of SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (NYSEARCA:EBND) hit a new 52-week low during trading on Wednesday . The company traded as low as $19.72 and last traded at $19.72, with a volume of 206722 shares. The stock had previously closed at $19.94.

SPDR Bloomberg Barclays Emerging Markets Local Bond ETF Price Performance

The business’s 50-day simple moving average is $20.12 and its two-hundred day simple moving average is $20.34.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new stake in SPDR Bloomberg Barclays Emerging Markets Local Bond ETF in the third quarter valued at $264,000. Richardson Financial Services Inc. increased its position in shares of SPDR Bloomberg Barclays Emerging Markets Local Bond ETF by 2.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 19,751 shares of the company’s stock worth $394,000 after purchasing an additional 518 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of SPDR Bloomberg Barclays Emerging Markets Local Bond ETF by 28.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 55,772 shares of the company’s stock valued at $1,101,000 after purchasing an additional 12,198 shares in the last quarter. Finally, City State Bank lifted its position in shares of SPDR Bloomberg Barclays Emerging Markets Local Bond ETF by 3.4% during the third quarter. City State Bank now owns 215,732 shares of the company’s stock worth $4,589,000 after purchasing an additional 7,160 shares during the last quarter.

About SPDR Bloomberg Barclays 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.