abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Stock Price Up 1.1% – Still a Buy?

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEMGet Free Report) rose 1.1% on Wednesday . The stock traded as high as $38.46 and last traded at $38.43. Approximately 19,133 shares traded hands during trading, an increase of 60% from the average daily volume of 11,956 shares. The stock had previously closed at $38.00.

abrdn Emerging Markets Dividend Active ETF Stock Performance

The firm’s 50 day simple moving average is $37.72 and its 200-day simple moving average is $35.43. The company has a market capitalization of $211.75 million, a price-to-earnings ratio of 13.90 and a beta of 1.43.

abrdn Emerging Markets Dividend Active ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 23rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $1.24 annualized dividend and a yield of 3.2%. This is an increase from abrdn Emerging Markets Dividend Active ETF’s previous quarterly dividend of $0.21.

Hedge Funds Weigh In On abrdn Emerging Markets Dividend Active ETF

A hedge fund recently bought a new stake in abrdn Emerging Markets Dividend Active ETF stock. Parallel Advisors LLC purchased a new position in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEMFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,233 shares of the company’s stock, valued at approximately $173,000. Parallel Advisors LLC owned approximately 0.22% of abrdn Emerging Markets Dividend Active ETF at the end of the most recent reporting period.

abrdn Emerging Markets Dividend Active ETF Company Profile

(Get Free Report)

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.

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