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)’s share price traded up 1.1% during trading on Wednesday . The stock traded as high as $38.46 and last traded at $38.43. 19,133 shares were traded during trading, an increase of 60% from the average session volume of 11,956 shares. The stock had previously closed at $38.00.

abrdn Emerging Markets Dividend Active ETF Trading Up 1.1%

The business’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 P/E ratio of 13.90 and a beta of 1.43.

abrdn Emerging Markets Dividend Active ETF Increases Dividend

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

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 acquired a new position in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEMFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 as of its most recent filing with the SEC.

About abrdn Emerging Markets Dividend Active ETF

(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.

Further Reading

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