Adams Diversified Equity Fund (NYSE:ADX) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.80 and traded as low as $22.45. Adams Diversified Equity Fund shares last traded at $22.6330, with a volume of 336,183 shares traded.

Adams Diversified Equity Fund Trading Up 3.1%

The company’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $22.88.

Adams Diversified Equity Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, January 26th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 26th. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 8.1%.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Hedge funds have recently bought and sold shares of the business. Westfuller Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at about $28,000. Caldwell Trust Co acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at about $45,000. Bayban acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at about $57,000. CWM LLC grew its position in shares of Adams Diversified Equity Fund by 27.3% in the third quarter. CWM LLC now owns 3,609 shares of the closed-end fund’s stock valued at $80,000 after purchasing an additional 773 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Adams Diversified Equity Fund by 119.4% in the fourth quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock valued at $101,000 after purchasing an additional 2,361 shares during the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.