Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $18.10 and last traded at $18.17, with a volume of 5277 shares. The stock had previously closed at $18.45.
Adams Diversified Equity Fund Trading Up 5.7 %
The firm's fifty day simple moving average is $19.60 and its two-hundred day simple moving average is $20.62.
Adams Diversified Equity Fund Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.38%. The ex-dividend date of this dividend was Monday, January 27th.
Institutional Investors Weigh In On Adams Diversified Equity Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its stake in Adams Diversified Equity Fund by 9.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock valued at $135,000 after purchasing an additional 576 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of Adams Diversified Equity Fund by 1.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 35,519 shares of the closed-end fund's stock valued at $717,000 after buying an additional 608 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Adams Diversified Equity Fund by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 12,701 shares of the closed-end fund's stock worth $257,000 after acquiring an additional 702 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in Adams Diversified Equity Fund by 6.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 11,778 shares of the closed-end fund's stock valued at $238,000 after acquiring an additional 717 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in Adams Diversified Equity Fund by 8.7% in the 4th quarter. TIAA Trust National Association now owns 10,567 shares of the closed-end fund's stock valued at $213,000 after acquiring an additional 850 shares during the last quarter. 28.41% of the stock is owned by institutional investors.
About Adams Diversified Equity Fund
(
Get Free Report)
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.
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