Adams Diversified Equity Fund (NYSE:ADX) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.16 and traded as high as $25.21. Adams Diversified Equity Fund shares last traded at $24.9010, with a volume of 371,519 shares traded.

Adams Diversified Equity Fund Trading Down 1.4%

The stock has a fifty day moving average price of $24.30 and a two-hundred day moving average price of $23.43.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, April 27th were issued a $0.48 dividend. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, April 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caldwell Trust Co acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter valued at about $45,000. Assetmark Inc. grew its position in Adams Diversified Equity Fund by 367.9% in the 1st quarter. Assetmark Inc. now owns 2,040 shares of the closed-end fund’s stock worth $45,000 after purchasing an additional 1,604 shares during the last quarter. Bayban bought a new position in Adams Diversified Equity Fund during the fourth quarter valued at about $57,000. Resources Management Corp CT ADV bought a new stake in shares of Adams Diversified Equity Fund in the 1st quarter worth approximately $89,000. Finally, IFP Advisors Inc lifted its position in shares of Adams Diversified Equity Fund by 119.4% in the 4th quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock worth $101,000 after acquiring an additional 2,361 shares during the period. Hedge funds and other institutional investors own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.