Adams Diversified Equity Fund (NYSE:ADX) Reaches New 1-Year High at $22.00

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $22.00 and last traded at $22.00, with a volume of 1300 shares traded. The stock had previously closed at $21.49.

Adams Diversified Equity Fund Trading Up 2.4 %

The business has a fifty day moving average of $20.25 and a 200 day moving average of $19.13.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 0.91%.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the first quarter valued at approximately $470,000. Cetera Investment Advisers acquired a new stake in shares of Adams Diversified Equity Fund in the first quarter valued at approximately $2,679,000. ARQ Wealth Advisors LLC raised its position in shares of Adams Diversified Equity Fund by 7.9% in the first quarter. ARQ Wealth Advisors LLC now owns 64,811 shares of the closed-end fund’s stock valued at $1,265,000 after buying an additional 4,752 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Adams Diversified Equity Fund by 6.8% in the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after buying an additional 279,285 shares in the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Adams Diversified Equity Fund in the first quarter valued at approximately $203,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.