Adams Diversified Equity Fund (NYSE:ADX) Reaches New 52-Week High – Still a Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price reached a new 52-week high on Friday . The stock traded as high as $22.75 and last traded at $22.75, with a volume of 6278 shares. The stock had previously closed at $22.28.

Adams Diversified Equity Fund Stock Performance

The stock’s fifty day moving average is $21.58 and its 200-day moving average is $21.13.

Insider Activity

In related news, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the transaction, the director now directly owns 59,408 shares in the company, valued at approximately $1,301,035.20. The trade was a 7.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the purchase, the director now owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several institutional investors have recently added to or reduced their stakes in ADX. Walleye Capital LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at about $721,000. Financial Counselors Inc. grew its holdings in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after buying an additional 950 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $238,000. Great Valley Advisor Group Inc. lifted its stake in Adams Diversified Equity Fund by 23.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 11,755 shares of the closed-end fund’s stock valued at $254,000 after acquiring an additional 2,196 shares in the last quarter. Finally, Concorde Asset Management LLC boosted its position in Adams Diversified Equity Fund by 9.4% during the 3rd quarter. Concorde Asset Management LLC now owns 13,289 shares of the closed-end fund’s stock worth $287,000 after acquiring an additional 1,139 shares during the last quarter. 28.41% of the stock is owned by institutional investors.

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.