Adams Diversified Equity Fund (NYSE:ADX) Reaches New 52-Week High at $19.45

Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.45 and last traded at $19.38, with a volume of 31857 shares trading hands. The stock had previously closed at $19.39.

Adams Diversified Equity Fund Stock Down 1.0 %

The business’s 50 day moving average price is $18.48 and its 200-day moving average price is $17.55.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, February 8th.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several large investors have recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new position in Adams Diversified Equity Fund during the 4th quarter worth approximately $50,000. Creative Financial Designs Inc. ADV grew its holdings in Adams Diversified Equity Fund by 517.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,107 shares of the closed-end fund’s stock worth $55,000 after acquiring an additional 2,604 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in Adams Diversified Equity Fund during the 2nd quarter worth approximately $68,000. Comerica Bank acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $77,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at $84,000. 20.83% of the stock is owned by hedge funds and other institutional investors.

About Adams Diversified Equity Fund

(Get Free Report)

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.

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