Adams Diversified Equity Fund (NYSE:ADX) Hits New 52-Week High at $22.00

Adams Diversified Equity Fund, Inc. (NYSE:ADX) hit a new 52-week high on Monday . The company traded as high as $22.00 and last traded at $22.00, with a volume of 1300 shares changing hands. The stock had previously closed at $21.49.

Adams Diversified Equity Fund Trading Up 0.5 %

The stock’s 50 day simple moving average is $20.36 and its two-hundred day simple moving average is $19.19.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently announced 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, May 16th.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Market Strategies LLC increased its position in shares of Adams Diversified Equity Fund by 3.3% during the second quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund’s stock valued at $521,000 after acquiring an additional 767 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund during the first quarter valued at approximately $470,000. Cetera Investment Advisers bought a new stake in shares of Adams Diversified Equity Fund during the first quarter valued at approximately $2,679,000. ARQ Wealth Advisors LLC increased its position in shares of Adams Diversified Equity Fund by 7.9% during the first quarter. ARQ Wealth Advisors LLC now owns 64,811 shares of the closed-end fund’s stock valued at $1,265,000 after acquiring an additional 4,752 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Adams Diversified Equity Fund by 6.8% during the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after acquiring an additional 279,285 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

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.