abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Shares Up 3% – Here’s What Happened

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM)’s share price was up 3% during mid-day trading on Tuesday . The stock traded as high as $47.88 and last traded at $47.71. 5,220 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 24,300 shares. The stock had previously closed at $46.30.

abrdn Emerging Markets Dividend Active ETF Trading Down 0.8%

The stock has a market capitalization of $349.83 million, a price-to-earnings ratio of 13.90 and a beta of 1.00. The stock has a 50-day simple moving average of $48.39 and a 200 day simple moving average of $44.86.

abrdn Emerging Markets Dividend Active ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, June 23rd were given a $0.2716 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC acquired a new stake in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,157 shares of the company’s stock, valued at approximately $83,000.

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.