Sterling Capital Management LLC Sells 48,316 Shares of abrdn Emerging Markets Dividend Active ETF $AGEM

Sterling Capital Management LLC decreased its position in shares of abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 580,747 shares of the company’s stock after selling 48,316 shares during the quarter. Sterling Capital Management LLC owned approximately 8.17% of abrdn Emerging Markets Dividend Active ETF worth $23,557,000 as of its most recent SEC filing.

Separately, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of abrdn Emerging Markets Dividend Active ETF in the 4th quarter valued at $83,000.

abrdn Emerging Markets Dividend Active ETF Stock Down 1.1%

AGEM stock opened at $48.71 on Friday. The company has a market cap of $346.33 million, a P/E ratio of 13.90 and a beta of 1.00. abrdn Emerging Markets Dividend Active ETF has a twelve month low of $32.87 and a twelve month high of $51.50. The business has a fifty day moving average of $47.87 and a 200-day moving average of $43.60.

abrdn Emerging Markets Dividend Active ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.2716 per share. This represents a $1.09 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

abrdn Emerging Markets Dividend Active ETF Company Profile

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.