Adams Diversified Equity Fund (NYSE:ADX) Reaches New 1-Year High – Time to Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.41 and last traded at $23.4140, with a volume of 188095 shares changing hands. The stock had previously closed at $23.17.

Adams Diversified Equity Fund Trading Up 1.2%

The firm’s fifty day moving average is $22.48 and its 200-day moving average is $21.51.

Institutional Trading of Adams Diversified Equity Fund

Several large investors have recently made changes to their positions in the business. Walleye Capital LLC acquired a new position in shares of Adams Diversified Equity Fund during the first quarter valued at $278,000. LPL Financial LLC boosted its position in shares of Adams Diversified Equity Fund by 18.3% in the 1st quarter. LPL Financial LLC now owns 166,781 shares of the closed-end fund’s stock worth $3,167,000 after purchasing an additional 25,826 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Adams Diversified Equity Fund by 39.6% during the first quarter. Royal Bank of Canada now owns 1,054,872 shares of the closed-end fund’s stock worth $20,032,000 after purchasing an additional 299,425 shares during the period. Waterfront Wealth Inc. grew its position in shares of Adams Diversified Equity Fund by 6.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 440,707 shares of the closed-end fund’s stock worth $9,568,000 after buying an additional 26,709 shares during the period. Finally, Shaker Financial Services LLC increased its stake in shares of Adams Diversified Equity Fund by 40.3% in the 1st quarter. Shaker Financial Services LLC now owns 207,446 shares of the closed-end fund’s stock valued at $3,939,000 after acquiring an additional 59,582 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.