abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Shares Up 0.5% – Still a Buy?

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM)’s share price shot up 0.5% on Friday . The company traded as high as $40.23 and last traded at $40.23. 25,125 shares were traded during mid-day trading, an increase of 118% from the average session volume of 11,521 shares. The stock had previously closed at $40.02.

abrdn Emerging Markets Dividend Active ETF Trading Up 0.5%

The company has a market cap of $221.67 million, a PE ratio of 13.90 and a beta of 1.43. The firm’s 50-day simple moving average is $38.15 and its two-hundred day simple moving average is $36.45.

abrdn Emerging Markets Dividend Active ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1707 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 19th.

Institutional Trading of abrdn Emerging Markets Dividend Active ETF

An institutional investor recently bought a new position in abrdn Emerging Markets Dividend Active ETF stock. Parallel Advisors LLC purchased a new stake in shares of abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,233 shares of the company’s stock, valued at approximately $173,000. Parallel Advisors LLC owned 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

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.