Adams Diversified Equity Fund Inc (NYSE:ADX) shares rose 7% during mid-day trading on Wednesday . The stock traded as high as $11.47 and last traded at $12.19, approximately 81,407 shares traded hands during trading. A decline of 90% from the average daily volume of 777,113 shares. The stock had previously closed at $11.39.
The firm has a fifty day moving average of $14.50 and a 200-day moving average of $15.55.
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 13th. This represents a $0.20 annualized dividend and a yield of 1.57%.
Large investors have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. bought a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $34,000. Huntington National Bank raised its stake in Adams Diversified Equity Fund by 246,900.0% in the fourth quarter. Huntington National Bank now owns 2,470 shares of the closed-end fund’s stock valued at $39,000 after buying an additional 2,469 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $54,000. FMR LLC bought a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $79,000. Finally, Wealthcare Advisory Partners LLC raised its stake in Adams Diversified Equity Fund by 115.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,437 shares of the closed-end fund’s stock valued at $86,000 after buying an additional 2,917 shares during the period. Hedge funds and other institutional investors own 13.83% of the company’s stock.
Adams Diversified Equity Fund Company Profile (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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