Adams Diversified Equity Fund (NYSE:ADX) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.16 and traded as high as $25.21. Adams Diversified Equity Fund shares last traded at $24.9010, with a volume of 371,519 shares.

Adams Diversified Equity Fund Trading Down 0.2%

The company has a 50 day moving average price of $24.16 and a 200 day moving average price of $23.41.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, April 27th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 7.7%. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, April 27th.

Institutional Trading of Adams Diversified Equity Fund

Large investors have recently bought and sold shares of the company. King Luther Capital Management Corp acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at $1,116,000. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Adams Diversified Equity Fund by 209.5% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 78,554 shares of the closed-end fund’s stock valued at $1,752,000 after acquiring an additional 53,172 shares during the last quarter. ARQ Wealth Advisors LLC boosted its stake in shares of Adams Diversified Equity Fund by 54.8% during the third quarter. ARQ Wealth Advisors LLC now owns 208,347 shares of the closed-end fund’s stock valued at $4,646,000 after acquiring an additional 73,780 shares during the last quarter. PMG Family Office LLC acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at $1,789,000. Finally, Bensler LLC boosted its stake in shares of Adams Diversified Equity Fund by 6.8% during the fourth quarter. Bensler LLC now owns 987,718 shares of the closed-end fund’s stock valued at $23,034,000 after acquiring an additional 62,665 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

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.