Adams Diversified Equity Fund (NYSE:ADX) Shares Cross Below 200-Day Moving Average – Should You Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $24.69 and traded as low as $24.26. Adams Diversified Equity Fund shares last traded at $24.3340, with a volume of 617,055 shares traded.

Adams Diversified Equity Fund Price Performance

The business has a 50 day moving average price of $25.75 and a two-hundred day moving average price of $24.69.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds and other institutional investors have recently modified their holdings of ADX. Fifth Third Bancorp boosted its stake in shares of Adams Diversified Equity Fund by 1.8% during the third quarter. Fifth Third Bancorp now owns 37,486 shares of the closed-end fund’s stock valued at $962,000 after purchasing an additional 652 shares during the period. Bryn Mawr Trust Advisors LLC raised its stake in shares of Adams Diversified Equity Fund by 77.0% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 19,561 shares of the closed-end fund’s stock worth $502,000 after acquiring an additional 8,509 shares in the last quarter. Uhlmann Price Securities LLC boosted its position in shares of Adams Diversified Equity Fund by 1.7% in the 3rd quarter. Uhlmann Price Securities LLC now owns 35,302 shares of the closed-end fund’s stock worth $906,000 after purchasing an additional 580 shares in the last quarter. StoneX Group Inc. increased its holdings in shares of Adams Diversified Equity Fund by 4.3% during the third quarter. StoneX Group Inc. now owns 10,143 shares of the closed-end fund’s stock valued at $260,000 after acquiring an additional 419 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of Adams Diversified Equity Fund by 19.1% during the third quarter. Kestra Advisory Services LLC now owns 15,207 shares of the closed-end fund’s stock worth $390,000 after buying an additional 2,437 shares during the period. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc (NYSE: ADX) is a closed-end investment company that seeks long-term capital appreciation and income by investing primarily in a diversified portfolio of publicly traded U.S. equities. Its holdings generally span multiple industries and sectors, providing shareholders with exposure to established and emerging companies across the American stock market.

The fund is managed by Adams Funds, an investment management firm based in Baltimore, Maryland. In addition to its diversified equity strategy, the Adams organization manages other investment products and strategies for individuals and institutions.