Adams Diversified Equity Fund (NYSE:ADX) Sets New 12-Month High - Here's Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.75 and last traded at $22.75, with a volume of 6278 shares traded. The stock had previously closed at $22.28.

Adams Diversified Equity Fund Stock Performance

The firm's 50 day simple moving average is $21.61 and its 200 day simple moving average is $21.14.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be given a $1.96 dividend. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic A. Escherich sold 9,500 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now owns 49,908 shares of the company's stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in shares of Adams Diversified Equity Fund by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund's stock valued at $85,926,000 after purchasing an additional 279,285 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Adams Diversified Equity Fund in the first quarter valued at approximately $2,679,000. Prevail Innovative Wealth Advisors LLC boosted its stake in Adams Diversified Equity Fund by 12.2% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund's stock worth $4,725,000 after purchasing an additional 23,971 shares during the last quarter. Providence Wealth Advisors LLC acquired a new position in Adams Diversified Equity Fund during the second quarter worth about $2,126,000. Finally, Bensler LLC boosted its holdings in shares of Adams Diversified Equity Fund by 4.1% during the 2nd quarter. Bensler LLC now owns 534,696 shares of the closed-end fund's stock worth $11,491,000 after purchasing an additional 20,929 shares during the last quarter. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Company Profile

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.