Adams Diversified Equity Fund (NYSE:ADX) Reaches New 52-Week High - Still a Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.57 and last traded at $22.53, with a volume of 36254 shares changing hands. The stock had previously closed at $22.30.

Adams Diversified Equity Fund Stock Up 0.9 %

The company has a 50 day simple moving average of $21.44 and a 200-day simple moving average of $21.00.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price 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 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price 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 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction dated 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 directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its holdings in shares of Adams Diversified Equity Fund by 6.8% during the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund's stock worth $85,926,000 after acquiring an additional 279,285 shares during the period. Cetera Investment Advisers bought a new stake in shares of Adams Diversified Equity Fund during the first quarter worth approximately $2,679,000. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Adams Diversified Equity Fund by 12.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund's stock worth $4,725,000 after acquiring an additional 23,971 shares during the period. Providence Wealth Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund during the second quarter worth approximately $2,126,000. Finally, Bensler LLC boosted its holdings in shares of Adams Diversified Equity Fund by 4.1% during the second quarter. Bensler LLC now owns 534,696 shares of the closed-end fund's stock worth $11,491,000 after acquiring an additional 20,929 shares during the period. Institutional investors and hedge funds own 28.41% of the company's stock.

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.