Adams Diversified Equity Fund Inc (NYSE:ADX)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $15.39. Adams Diversified Equity Fund shares last traded at $15.34, with a volume of 700 shares trading hands.
The stock’s 50 day moving average price is $15.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%.
In other news, Director Craig R. Smith acquired 17,000 shares of Adams Diversified Equity Fund stock in a transaction on Thursday, April 18th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $253,470.00. Following the purchase, the director now owns 46,469 shares in the company, valued at $692,852.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ADX. Wealthcare Advisory Partners LLC grew its stake in shares of Adams Diversified Equity Fund by 46.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,865 shares of the closed-end fund’s stock worth $36,000 after acquiring an additional 913 shares during the period. Legacy Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the first quarter worth approximately $54,000. SMH Capital Advisors Inc. grew its stake in shares of Adams Diversified Equity Fund by 10.2% in the first quarter. SMH Capital Advisors Inc. now owns 11,777 shares of the closed-end fund’s stock worth $170,000 after acquiring an additional 1,092 shares during the period. Ironwood Investment Counsel LLC bought a new stake in shares of Adams Diversified Equity Fund in the first quarter worth approximately $186,000. Finally, Intercontinental Wealth Advisors LLC grew its stake in shares of Adams Diversified Equity Fund by 23.7% in the first quarter. Intercontinental Wealth Advisors LLC now owns 17,500 shares of the closed-end fund’s stock worth $253,000 after acquiring an additional 3,350 shares during the period. Institutional investors and hedge funds own 15.80% of the company’s stock.
About Adams Diversified Equity Fund (NYSE:ADX)
Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.
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