Adams Diversified Equity Fund (NYSE:ADX) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $25.95 and traded as high as $26.22. Adams Diversified Equity Fund shares last traded at $26.1540, with a volume of 192,216 shares traded.

Adams Diversified Equity Fund Stock Performance

The stock’s 50 day simple moving average is $25.94 and its two-hundred day simple moving average is $25.22.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Adams Diversified Equity Fund in the second quarter valued at $25,000. Trust Co. of Vermont acquired a new stake in shares of Adams Diversified Equity Fund during the second quarter worth approximately $31,000. Assetmark Inc. increased its stake in shares of Adams Diversified Equity Fund by 367.9% in the first quarter. Assetmark Inc. now owns 2,040 shares of the closed-end fund’s stock worth $45,000 after buying an additional 1,604 shares during the last quarter. Bayban bought a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth about $57,000. Finally, Security National Bank of SO Dak bought a new stake in Adams Diversified Equity Fund in the second quarter valued at about $69,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol ADX. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded equity securities.

The portfolio generally emphasizes established U.S. companies across a range of industries and sectors. Through its investments, the fund provides shareholders with exposure to businesses operating in the United States and, where applicable, companies with international operations.