Adams Diversified Equity Fund (NYSE:ADX) Reaches New 12-Month High at $19.63

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) hit a new 52-week high during trading on Thursday . The company traded as high as $19.63 and last traded at $19.62, with a volume of 66809 shares traded. The stock had previously closed at $19.55.

Adams Diversified Equity Fund Stock Up 0.5 %

The stock has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $18.14.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.02%.

Institutional Investors Weigh In On Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HTLF Bank acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $6,516,000. Allspring Global Investments Holdings LLC increased its position in Adams Diversified Equity Fund by 22.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,700,212 shares of the closed-end fund’s stock valued at $30,111,000 after acquiring an additional 307,756 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Adams Diversified Equity Fund by 35.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 551,925 shares of the closed-end fund’s stock valued at $10,774,000 after acquiring an additional 143,468 shares during the last quarter. International Assets Investment Management LLC lifted its position in Adams Diversified Equity Fund by 1,879.7% during the 4th quarter. International Assets Investment Management LLC now owns 779,738 shares of the closed-end fund’s stock worth $13,809,000 after acquiring an additional 740,352 shares during the period. Finally, ARQ Wealth Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $868,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

About Adams Diversified Equity Fund

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.