Adams Diversified Equity Fund (NYSE:ADX) Hits New 1-Year High at $21.43

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $21.43 and last traded at $21.43, with a volume of 9512 shares trading hands. The stock had previously closed at $21.41.

Adams Diversified Equity Fund Stock Performance

The company’s fifty day simple moving average is $19.79 and its two-hundred day simple moving average is $18.85.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Scarborough Advisors LLC acquired a new position in Adams Diversified Equity Fund during the fourth quarter valued at approximately $50,000. Creative Financial Designs Inc. ADV lifted its position in Adams Diversified Equity Fund by 517.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,107 shares of the closed-end fund’s stock valued at $55,000 after buying an additional 2,604 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Adams Diversified Equity Fund during the fourth quarter valued at approximately $84,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the fourth quarter worth $112,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the first quarter worth $173,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Company Profile

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.