Adams Diversified Equity Fund (NYSE:ADX) Hits New 1-Year High – Here’s Why

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $23.41 and last traded at $23.31, with a volume of 24961 shares. The stock had previously closed at $23.28.

Adams Diversified Equity Fund Price Performance

The business’s 50-day simple moving average is $22.37 and its 200-day simple moving average is $21.37.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 2.3% in the second quarter. Raymond James Financial Inc. now owns 1,228,172 shares of the closed-end fund’s stock valued at $26,664,000 after buying an additional 27,102 shares during the period. Royal Bank of Canada grew its stake 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. Bensler LLC increased its holdings in Adams Diversified Equity Fund by 7.8% in the 3rd quarter. Bensler LLC now owns 925,053 shares of the closed-end fund’s stock valued at $20,629,000 after buying an additional 67,197 shares during the period. Waterfront Wealth Inc. boosted its stake in shares of Adams Diversified Equity Fund by 6.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 440,707 shares of the closed-end fund’s stock valued at $9,568,000 after purchasing an additional 26,709 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Adams Diversified Equity Fund by 3.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 428,357 shares of the closed-end fund’s stock valued at $9,381,000 after buying an additional 14,834 shares during the last quarter. Institutional investors and hedge funds 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.