Sterling Capital Management LLC Sells 23,802 Shares of abrdn Emerging Markets Dividend Active ETF $AGEM

Sterling Capital Management LLC decreased its position in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 527,170 shares of the company’s stock after selling 23,802 shares during the quarter. Sterling Capital Management LLC owned 0.07% of abrdn Emerging Markets Dividend Active ETF worth $25,359,000 as of its most recent SEC filing.

abrdn Emerging Markets Dividend Active ETF Price Performance

AGEM traded up $0.50 during midday trading on Friday, hitting $45.30. 7,643 shares of the company’s stock traded hands, compared to its average volume of 19,986. The company has a market cap of $342.50 million, a PE ratio of 13.90 and a beta of 1.04. The stock’s fifty day simple moving average is $48.56 and its 200-day simple moving average is $47.81. abrdn Emerging Markets Dividend Active ETF has a one year low of $36.29 and a one year high of $51.50.

abrdn Emerging Markets Dividend Active ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.5559 per share. This is a positive change from abrdn Emerging Markets Dividend Active ETF’s previous quarterly dividend of $0.2716. The ex-dividend date was Tuesday, September 22nd. This represents a $2.22 annualized dividend and a dividend yield of 4.9%.

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.