Adams Diversified Equity Fund (NYSE:ADX) Hits New 1-Year High – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $23.85 and last traded at $23.80, with a volume of 69976 shares. The stock had previously closed at $23.45.

Adams Diversified Equity Fund Stock Up 1.2%

The company has a fifty day moving average of $22.70 and a 200 day moving average of $21.70.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Friday, November 21st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.84 annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ADX. Westbourne Investment Advisors Inc. purchased a new position in shares of Adams Diversified Equity Fund during the 2nd quarter valued at $1,552,000. Walleye Capital LLC purchased a new stake in Adams Diversified Equity Fund in the 1st quarter worth $278,000. LPL Financial LLC raised its holdings in Adams Diversified Equity Fund by 18.3% during the first quarter. LPL Financial LLC now owns 166,781 shares of the closed-end fund’s stock valued at $3,167,000 after acquiring an additional 25,826 shares during the period. Royal Bank of Canada lifted its position in shares of Adams Diversified Equity Fund by 39.6% in the first quarter. Royal Bank of Canada now owns 1,054,872 shares of the closed-end fund’s stock valued at $20,032,000 after acquiring an additional 299,425 shares in the last quarter. Finally, Waterfront Wealth Inc. lifted its position in shares of Adams Diversified Equity Fund by 6.5% in the second quarter. Waterfront Wealth Inc. now owns 440,707 shares of the closed-end fund’s stock valued at $9,568,000 after acquiring an additional 26,709 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors.

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.